Trump meets Xi in Washington: trade truce extended

Donald Trump and Sophie in Washington on September 24 / video screenshot
Фото: Donald Trump and Sophie in Washington on September 24 / video screenshot

The US and China agreed to extend the trade truce for another two months - until January 10, 2027. The agreement was announced on the eve of talks between US President Donald Trump and Chinese President Xi Jinping in Washington. US Treasury Secretary Scott Bessent confirmed that the previous agreement was to expire on November 10.

The extension of the so-called Busan agreement was announced after Bessent's talks with Chinese Vice Premier He Lifeng. Thus, Washington and Beijing gained additional time for negotiations on broader trade agreements, while avoiding a new round of tariff confrontation for now.

Against this backdrop, Xi Jinping arrived in Washington on September 23 for a state visit that will last until September 25. Donald Trump, together with First Lady Melania Trump, personally welcomed the Chinese leader and his wife Peng Liyuan at Andrews Air Force Base. The White House had previously confirmed that an official state visit ceremony for Xi would take place on September 24. This is his first such visit to the US in more than ten years.

Upon arrival, Xi said that China and the US should be "partners, not rivals" in his view. He also said that the course toward the "great rejuvenation of the Chinese nation" and Trump's political formula Make America Great Again can, in his words, be implemented in parallel and contribute to the success of both countries.

The Trump-Xi talks take place amid tensions between the world's two largest economies over trade, technological restrictions, and artificial intelligence. Taiwan and China's economic ties with Iran remain separate issues in relations.

Based on materials from: Fox News, Chinese Foreign Ministry, South China Morning Post

analytics