Trade truce is some early good news for the summitpublished at 01:08 BST
Peter Hoskins
Business reporter
Treasury Secretary Scott Bessent has delivered some early good news for his boss even before the Trump-Xi summit gets properly underway.
As the US president was meeting his Chinese counterpart on the tarmac of Joint Base Andrews we heard that a deal had been struck to extend their trade war truce.
The agreement, which took effect last year and was due to expire in November, will now run until at least 10 January.
It came after lengthy talks with Chinese Vice Premier He Lifeng in New York at the weekend, and then in Washington on Wednesday.
The fact that it took so long to effectively kick the can down the road indicates just how tricky negotiations between the world's two biggest economies are proving to be.
Trump escalated the trade war with Beijing in 2025, seemingly believing that he had a winning hand as he launched a barrage of tariffs.
But a slew of counter measures from China, including restrictions on crucial rare earths exports, dealt a stunning blow that left the two countries in a stalemate.
The question now is can any real progress be made when the two leaders sit down to talks on Thursday.
Image source, Reuters



















