Bessent announces 2-month extension of US-China trade truce

US Treasury Secretary Scott Bessent announced on Wednesday that Washington and Beijing have agreed to extend the trade agreement reached in South Korea 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 for two months until January 10. Bessent made the remarks hours after an unscheduled...