China says the US trade truce has been extended through January 10, giving both sides time to assess implementation and discuss next steps. A planned trade council will discuss a reciprocal tariff cut covering $30 billion in products.
China’s commerce ministry said the extension would provide a relatively stable and predictable policy environment for companies. The extension was a key outcome of last week’s Washington summit between Xi Jinping and Donald Trump, their second summit this year; the trade council’s regular discussions will cover investment opportunities and barriers, policy transparency and business concerns.
An agriculture working group is due to meet before year-end to discuss two-way market access and regulation for agricultural products. The summit also yielded an agreement for China to import US coal in 2027 and 2028. Both sides agreed on a communication channel for AI-related incidents, with follow-up talks by the end of November. China said it would examine and approve foreign financial services institutions, including those with US capital, to do business and open branches; discussions on increasing flights will continue.
