US, China agree to extend trade truce by two months to Jan. 10, Bessent says

The United States and China have reached an agreement to extend their ongoing bilateral trade truce by two additional months, pushing the expiration date from November 10 to January 10. The development was disclosed by U.S. Treasury Secretary Scott Bessent during an appearance on Fox, providing negotiators from both superpowers critical additional runway to negotiate and potentially finalize a comprehensive trade pact. The truce extension is viewed as an immediate de-escalation of trade tensions between the world's two largest economies. By delaying potential tariff hikes or punitive trade measures, both nations demonstrate an ongoing commitment toward structured economic dialogue and stability across cross-border commercial channels. For financial markets, the announcement provides near-term relief across global equities, especially trade-sensitive sectors such as technology, manufacturing, and consumer goods. Market participants are likely to interpret the extension as a positive signal that could lower headline volatility, support supply chain visibility, and foster a more conducive environment for corporate capital expenditure heading into the new calendar year.