Updated

Treasury Secretary Scott Bessent said the U.S.-China trade truce, originally set to expire in November, has been extended to January 10, 2026. The announcement came as Chinese President Xi Jinping began a state visit, with Bessent noting Beijing still needs to fulfill additional deliverables under the agreement. The extension gives both sides more time to negotiate a broader deal and reduces near-term risk of renewed tariff escalation, a key overhang for global markets and multinational companies exposed to US-China trade.