US, China agree two-month trade truce extension ahead of summit

INTELLIGENCE SUMMARY

China and the United States agreed to extend a trade-war truce by two months to January 10, as President Xi Jinping arrived in Washington for a summit with US President Donald Trump. The short extension will let the US assess whether China is meeting trade commitments, Treasury Secretary Scott Bessent told Fox News on Wednesday following “unscheduled” extra talks with Chinese Vice-Premier He Lifeng. China had sought to stretch the “Busan Agreement” pause until January 2029, when Trump’s term in.