Trump and Xi extend trade truce
President Donald Trump and Xi Jinping agreed to extend an existing trade truce and to meet again this year, buying short-term breathing space for strained US-China ties. The pact, originally due to expire in November, was extended until Jan 10, and officials said both sides made some progress on economic outcomes and on setting aside certain products from disputes. Beijing had previously agreed to buy more US agricultural goods and suspend rare earth restrictions for a year. Analysts warn time is running out and many US officials say China has not fully met past commitments, leaving longer-term risks unresolved.
The US and China extended their trade truce until January 10.
Context
The countries struck a truce last year after a tariff fight. The pact included more Chinese agricultural purchases and a rare earths suspension. Now they have extended the truce and may hold more talks or G20 discussions next.
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