China views extending US trade ceasefire as progress
A report states that China has extended its trade truce with the United States for two more months until January 10, in order to assess the implementation of the agreed-upon economic and trade arrangements. The extension creates a stable political environment and facilitates further discussions between the two sides. It comes as a result of the Beijing-Trump summit, with a focus on reducing mutual tariffs on $30 billion worth of products, including agricultural goods, medical equipment, and raw materials, with soybeans being excluded. This extension supports China's efforts to facilitate the export of its products to the U.S. market and aims to stabilize the trade relationship between the two countries.
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