China confirmed today that it reached an agreement with the United States (US) to extend until January 10, 2027 the trade truce that expired on November 10, after Washington announced the extension.
© Lusa
28/09/2026
by
Lusa
The extension follows the recent state visit by Chinese President Xi Jinping to the United States.
The Chinese Trade Ministry first detailed the extension of the so-called “joint agreement” reached in Kuala Lumpur in October 2025, a few days before the meeting between Xi and the American counterpart Donald Trump in the South Korean city of Busan.
This agreement suspended, until November this year, certain tariff and non-tariff measures adopted during the trade escalation between the two largest economies in the world.
Beijing has so far avoided explicitly confirming the extension announced by US Treasury Secretary Scott Bessent. After the summit between the two presidents, the Chinese Ministry of Foreign Affairs merely pointed out that the economic teams reached a new ‘joint agreement’.
The Trade Ministry today indicated that both parties will continue to negotiate during the extension with a view to achieving an “agreed solution”.
“ This agreement provides room for both parties to review and evaluate the implementation of the agreement and to consider how to boost economic and trade relations between China and the United States,” the ministry said.
The ministry further detailed the results of the eighth round of economic and commercial consultations, held between September 20 and 23 in New York and Washington, before the summit between Xi and Trump.
These include a framework for the reciprocal reduction of customs rates on products valued at around USD 30 billion (over EUR 26 billion) each, whereby approximately 90% of the goods included will see their tariffs reduced to the “most favoured nation” levels, once internal legal procedures have been completed.
Both countries also agreed to set up a bilateral Trade Council, the first task of which will be to address this tariff package, and an Investment Council to address business opportunities and obstacles.
The Trade Council will also have an agricultural working party, while US coal will be included in the tariff reduction regime, which Beijing considers will facilitate its imports of this goods during 2027 and 2028.
In the field of artificial intelligence, China further confirmed that Deputy Prime Minister He Lifeng and Bessent will lead a specific dialogue, whose first session has already taken place, and that the parties will establish a communication channel on “incidents” related to this technology before meeting again before the end of November.