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China has announced an extension of its trade truce with the United States for another two months until January 10, in order to assess the implementation of existing understandings and to achieve political and commercial stabilization between the two countries. The understandings include a mutual reduction of tariffs on goods valued at $30 billion, with a focus on agricultural products such as corn, wheat, dairy products, and meats, to bolster American trade. Additionally, the two nations agreed to establish working groups to follow up on market access issues and agricultural regulations, alongside a pact for China to import 10 million tons of American coal annually during 2027 and 2028, without mentioning oil or natural gas. These steps aim to reinforce economic cooperation and ease trade tensions between Washington and Beijing.
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