Washington and Beijing extend trade truce

The U.S. Treasury Department announced an agreement between Washington and Beijing to extend the trade ceasefire for an additional two months, providing an opportunity for further negotiations on a comprehensive economic and trade agreement between the two countries. This extension comes after a meeting between U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier He Lifeng, in preparation for a upcoming summit between U.S. President Donald Trump and Chinese President Xi Jinping. The goal of the extension is to assess the prospects of reaching a broader agreement, while reaffirming the United States' continued pressure to ensure compliance with the current deal and to initiate constructive talks before the deadline expires.

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