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US and China Extend Bilateral Trade Truce Known as Busan Agreement Until January
The US and China agree to extend their bilateral trade truce known as the 'Busan agreement' until January, according to Treasury Secretary Scott Bessent's announcement.
US Treasury Secretary Scott Bessent announced that a bilateral trade truce between the US and China has been extended until January as part of their agreement known as the 'Busan agreement'. The extension is seen as a positive development for trade relations between the two countries. Details of the agreement have not been disclosed, but officials confirm it includes an ongoing truce on non-tariff barriers to trade.
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