Bessent announces 2-month extension of Busan trade deal with China

US Treasury Secretary Scott Bessent announced on Wednesday that Washington and Beijing have agreed to extend the Busan trade agreement for just two months, as Chinese President Xi Jinping arrives in Washington for a state visit. “We have agreed ⁠today that we will extend what ⁠we call the Busan Agreement,” Bessent said in an interview with Fox News, adding ‌the agreement ‌will be extended until January 10. Bessent made the remarks hours after an unscheduled meeting with Chinese Vice-Premier He..