Treasury Secretary Scott Bessent said Wednesday evening that the U.S. and China have agreed to extend their trade truce, shortly after Chinese leader Xi Jinping arrived in Washingt…

The Treasury secretary, who is leading talks with China, said the countries had agreed to extend a trade truce until January.

The deal, which was set to expire in November, will now be extended to Jan. 10, Bessent said, noting the need for Beijing to fulfill more deliverables.

Bessent said the US and China extended their trade truce to January 10, giving both sides more time to pursue a broader deal.