Chinese Commerce Ministry Extends US Ceasefire

China and the United States have agreed to extend the trade ceasefire for two more months until January 10, in order to assess the implementation of the agreed-upon arrangements and to prepare future steps to ease economic tensions between the two countries. The extension includes continued dialogue on reducing tariffs on $30 billion worth of products, with a particular focus on agricultural goods such as corn, wheat, dairy products, and meats, while soybeans are excluded. This follows a summit between the two presidents in Washington, aimed at maintaining stability in trade relations and boosting Chinese exports to the American market.

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