US Open to China Trade Truce Extension
Treasury Secretary Scott Bessent stated that the United States is open to extending the bilateral trade truce with China or negotiating a larger deal ahead of the upcoming summit. Officials are preparing for discussions between President Trump and President Xi.
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The United States is open to extending a bilateral trade truce with China beyond its November 10 expiration or pursuing a broader trade agreement, U.S. Treasury Secretary Scott Bessent said on Wednesday. The remarks followed a meeting in Washington between Bessent and Chinese Vice Premier He Lifeng to prepare for an upcoming presidential summit. Bessent offered no specific details on a larger trade pact following the talks at World Bank headquarters.
