US and China Extend Trade Truce to January 10 as Summit Concludes

Chinese President Xi Jinping concluded his state visit with U.S. President Donald Trump, yielding no substantive breakthroughs beyond extending their bilateral trade truce by two months to January 10. The extension postpones potential mutual tariffs above 100% past the previous November 10 deadline. The summit left core structural disputes unresolved, including semiconductor export controls, AI governance, and shortfalls in Chinese rare-earth shipments. U.S. Treasury Secretary Scott Bessent noted China met its 25 million ton soybean quota but lags on $17 billion of other farm commitments. U.S. stocks fell during the talks, with the S&P 500 down 0.24%.