Global Economy
China Applauds Two-Month Trade Truce Extension with US, Paving Way for January Negotiations
China’s commerce ministry announced a two‑month extension of the trade truce with the United States, keeping the pause in place until January 10, 2027. The extension offers a stable policy environment for businesses and sets the stage for talks on a reciprocal $30 billion tariff cut, an agricultural working group, and expanded flight services. The move is seen as a confidence‑boost for markets by reducing trade tensions. In French and other languages, the summary conveys the same core points with locally appropriate phrasing.
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Trade Truce Extended
China’s Ministry of Commerce announced on Monday that the trade truce agreed with the United States will be extended by two months, pushing the deadline to January 10, 2027. The additional time is intended to allow both parties to evaluate how the current accord is working and to chart a path forward on remaining economic and trade issues.
The ministry emphasized that the extension creates a relatively stable and predictable policy environment, which is conducive to business cooperation and ongoing negotiations. Among the immediate next steps under the trade council are:
- Discussions on a reciprocal $30 billion tariff reduction aimed at preserving the stability of bilateral economic and trade relations and improving export conditions for Chinese products to the U.S.
- The establishment of an agricultural working group that will meet before year‑end to address market access and regulatory matters for agricultural goods between the two countries.
- Continued dialogue on increasing the number of direct flights between China and the United States.
The extension follows a recent meeting between President Donald Trump and President Xi Jinping in Washington and is expected to keep market tensions at bay while both sides work on deeper cooperation.