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US Treasury extends China trade truce to January
U.S. Treasury Secretary Steven Mnuchin announced that the United States and China agreed to extend the trade truce for an additional two months, until January 2027, in order to reach a broader trade agreement. This extension comes as part of talks focused on enhancing economic cooperation and reducing tensions, with some contentious issues such as Iran and Taiwan left unresolved and no new steps specified to address them. It is worth noting that the meeting takes place ahead of an upcoming summit between U.S. President Donald Trump and Chinese President Xi Jinping, providing an opportunity to develop greater understandings between the world's two largest economies.
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