Politics
U.S.-China tariff pause will run through Jan. 10 as leaders seek broader deal
Treasury Secretary Scott Bessent said Washington and Beijing agreed to extend their fragile trade truce for two months, moving the next deadline to Jan. 10. The short extension leaves tariffs and supply-chain restrictions unresolved while the U.S. presses China to increase purchases of American farm goods.
WASHINGTON — The United States and China will extend their trade truce through Jan. 10, Treasury Secretary Scott Bessent said Wednesday, postponing a Nov. 10 expiration while the two governments pursue a broader economic agreement.
The announcement came as Chinese President Xi Jinping arrived in the Washington area for a two-day visit with President Donald Trump. Trump greeted Xi at Joint Base Andrews, and the leaders were scheduled to meet at the White House on Thursday before a state dinner. It is Xi’s first visit to the United States in more than a decade.
Bessent said the extension was negotiated during his meeting Wednesday with Chinese Vice Premier He Lifeng at the World Bank in Washington. Bessent, He and U.S. Trade Representative Jamieson Greer also met in New York on Sunday.
The current arrangement was reached by Trump and Xi last October in Busan, South Korea. It suspended triple-digit tariffs and rolled back some restrictions involving critical minerals and high-tech exports, measures that had threatened to disrupt manufacturing and other global supply chains.
The two-month extension is shorter than Beijing sought and leaves the possibility of renewed economic pressure early next year. In a television interview, Bessent said he was unsure whether the countries could reach a more comprehensive agreement or would simply continue the existing terms.
“By January, the administration should know whether China actually delivered on its agricultural commitments,” said Craig Singleton, a former national security official who specializes in U.S.-China relations. He described the short extension as a way for Washington to test China’s compliance before granting additional predictability.
Agricultural purchases are a central point of contention. Under an agreement reached in May, China committed to buying at least $17 billion in U.S. farm products each year through 2028, not including soybeans. Bessent said China was behind its 2026 pace for those purchases.
China also pledged to buy 12 million metric tons of U.S. soybeans during the final two months of 2025 and 25 million tons annually from 2026 through 2028. It missed the 2025 soybean target, according to the administration’s account of the agreement.
Bessent said the United States would press Beijing to fulfill its commitments and suggested that Xi’s visit could produce announcements involving financial services and additional agricultural purchases.
For American businesses and consumers, the extension offers a temporary reprieve from the risk of sharply higher tariffs and renewed disruptions involving minerals, technology and agricultural trade. But because the agreement remains tied to a near-term deadline, companies that rely on cross-border supply chains still face uncertainty heading into 2027.