United States and China extend trade truce to January 10

The United States and China have agreed to extend their trade truce by two months. Treasury Secretary Scott Bessent announced the deal on September 23, 2026. The truce will now expire on January 10, 2027, instead of November 10. Bessent made the announcement on Fox News after meeting Chinese Vice Premier He Lifeng at the World Bank in Washington. The two men had also met in New York two days earlier. Chinese President Xi Jinping was visiting Washington at the same time. The extra time gives both sides a chance to work toward a bigger trade agreement. Bessent said he was not sure if a full deal could be ready by January. He also said China has not fully kept its earlier promise to buy American soybeans.