Two-month extension keeps the current trade framework in place while tariffs, rare-earth supplies and technology restrictions remain unresolved.
Two more months for negotiations
President Donald Trump and Chinese President Xi Jinping concluded their Washington meetings Thursday with an agreement to extend the existing U.S.-China trade truce for two months.
Treasury Secretary Scott Bessent said the extension gives Washington and Beijing additional time to continue economic negotiations. The previous agreement, reached after last year’s trade conflict, had been scheduled to expire in November.
Major disputes remain
The summit did not produce a broader long-term trade settlement. Reuters reported that tariffs, Chinese purchases of U.S. goods, rare-earth supplies and technology restrictions remain among the unresolved issues.
Bessent said China has been meeting its soybean-purchase commitment under the earlier agreement but has fallen short on some other agricultural purchases. U.S. officials have also raised concerns about rare-earth deliveries.
Xi also pressed the United States on Taiwan, while the two governments continue to navigate strategic competition over trade, technology and security.
Source: Reuters
