403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
US, China Extend Trade Truce Through January 10, Bessent Says
(MENAFN) The United States and China have agreed to extend their bilateral trade truce beyond its original November expiration date, pushing the deadline to Jan. 10, Treasury Secretary Scott Bessent announced Wednesday.
"We will extend what we call the Busan Agreement -- the economic detente between the two countries that was scheduled to end on Nov. 10. That is going to be extended until Jan. 10," Bessent said in an interview with Fox News.
He acknowledged friction points remain in implementation. "There are some deliverables that have not been perfect on the Chinese side, so we also want to see -- now that we've sat down and told them our expectations -- if over the coming months, they could be a bit more fulsome in enacting the agreement," he added.
Bessent signaled that additional announcements from the Chinese delegation could follow in the coming days, potentially including commitments to purchase more US agricultural goods and new deals in the financial services sector.
The extension was announced after Bessent and Chinese Vice Premier He Lifeng held an unscheduled meeting earlier Wednesday in Washington.
"We will extend what we call the Busan Agreement -- the economic detente between the two countries that was scheduled to end on Nov. 10. That is going to be extended until Jan. 10," Bessent said in an interview with Fox News.
He acknowledged friction points remain in implementation. "There are some deliverables that have not been perfect on the Chinese side, so we also want to see -- now that we've sat down and told them our expectations -- if over the coming months, they could be a bit more fulsome in enacting the agreement," he added.
Bessent signaled that additional announcements from the Chinese delegation could follow in the coming days, potentially including commitments to purchase more US agricultural goods and new deals in the financial services sector.
The extension was announced after Bessent and Chinese Vice Premier He Lifeng held an unscheduled meeting earlier Wednesday in Washington.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment