The United States and China agreed to extend their one-year trade truce by two months to Jan. 10, Treasury Secretary Scott Bessent said after talks with Chinese Vice Premier He Lifeng, Kyodo News and Reuters-fed reports confirmed as the Xi state visit opened.

The arrangement, struck after tariffs briefly topped 100 percent and renewed when Trump and Xi met in Busan last October, had been set to expire Nov. 10. Bessent said the sides also explored whether a bigger deal could replace a series of smaller extensions, while U.S. Trade Representative Jamieson Greer previewed possible agriculture and non-tariff barrier announcements.

Farmers, importers, and equity markets treated the Jan. 10 date as midterm-season breathing room rather than a structural settlement. Accounts agree the extension was locked before Thursday’s White House bilaterals; they diverge on how much tariff relief or export-control easing either capital will accept before November elections.

Officials and independent outlets continue updating confirmed details as they become available. NewsHabit’s card sticks to multi-outlet confirmation for this edition and notes where accounts still diverge, without projecting outcomes that the published record does not yet support. Readers should treat timed deadlines, hearings, and launch windows as live until a second independent outlet confirms a change.

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Officials and independent outlets continue updating confirmed details as they become available. NewsHabit’s card sticks to multi-outlet confirmation for this edition and notes where accounts still diverge, without projecting outcomes that the published record does not yet support.