US, China to extend trade de-escalation arrangements — US Treasury secretary
AI Summary
The United States and China plan to extend their trade de-escalation arrangements under the Busan Agreement, which will remain effective through January 10 of the next year. Treasury Secretary Scott Bessent confirmed this extension amid ongoing trade talks to ease tensions between the two economic powers.
According to Scott Bessent, the extension of the Busan Agreement will remain in force through January 10 next year
World Politics Markets Deals Commodities US-China trade Busan Agreement trade de-escalation Scott Bessent economic diplomacy