Washington and Beijing prolong trade truce
The United States and China announced their agreement to extend the trade ceasefire for an additional two months, set to conclude on November 10th, in order to provide an opportunity for further negotiations on a comprehensive economic and trade agreement between the two countries. This decision comes after two meetings held by U.S. Treasury Secretary Steven Mnuchin with Chinese Vice Premier Liu He amidst preparations for an upcoming summit between U.S. President Donald Trump and Chinese President Xi Jinping. The purpose of the extension is to assess the possibility of reaching a broader agreement that reflects both sides' commitments, while the U.S. continues to pressure Beijing to fully adhere to the current deal.
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