The US and China have bought themselves more time to negotiate.
Treasury Secretary Scott Bessent said Wednesday that the countries had agreed to extend their trade truce from November 10 to January 10. He announced the extension after a meeting in Washington with Chinese Vice Premier He Lifeng, as Chinese leader Xi Jinping arrived for a state visit.
“We will extend what we call the ‘Busan Agreement,’ the economic detente between the two countries that was scheduled to end on November 10, that is going to be extended until January 10,” Bessent told Fox News during a live interview on Wednesday.
The extra two months could lead to a broader deal…
