China and the United States have agreed to extend their trade truce, creating more time for both countries to continue discussions on economic and trade issues.
China’s Commerce Ministry said the extension would provide a relatively stable and predictable environment for businesses while allowing both sides to evaluate the implementation of their existing trade arrangements. The current extension will run through January 10, 2027.
The two countries are also expected to discuss reciprocal tariff reductions covering around $30 billion worth of products. Both sides have agreed to continue regular economic and trade discussions, including talks about investment opportunities, market access and barriers facing businesses.
Agriculture is also expected to be part of the discussions, with China and the United States planning to establish a working group focused on agricultural trade.
The latest developments come after a summit between Chinese President Xi Jinping and US President Donald Trump in Washington.
The extended trade truce could provide businesses in both countries with greater certainty while negotiations continue.
