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Trump and Xi meet in Washington: truce on US-China tariffs extended until January 10

Treasury Secretary Scott Bessent announced a two-month extension of the trade truce between the United States and China: the agreement, which was due to expire on November 10, will remain in effect until January 10, 2027.

Trump and Xi meet in Washington: truce on US-China tariffs extended until January 10

After more than ten years Xi Jinping returns to WashingtonThe Chinese president arrived in the American capital on Wednesday, September 23, for a three-day state visit, his first since 2015, and was personally welcomed at Joint Base Andrews by Donald Trump and First Lady Melania. The summit between the leaders of the world's two largest economies comes at a delicate stage in bilateral relations and with the first signs of easing tensions on the trade front: The United States and China have extended their tariff truce for two months., moving the deadline is January 10, 2027 of the agreement.

Trump welcomes Xi to Washington: trade, technology and Taiwan at the center of the summit

After the welcome at Joint Base Andrews, accompanied by the national anthems, military honors and the flyover of B-1 bombers, Xi is expected at the White House today for the talks with Trump. On the table there are above all business e technology, but also Taiwan and major international crises, including the conflict with IranArtificial intelligence is also on the agenda, with the possibility of a rapid reporting mechanism to report any incidents related to AI development and security. Xi has stated the goal of a stable relationship between the world's two largest economies, emphasizing that the United States and China should be "partners, not adversaries."

The visit also includes a State Dinner at the White House, where leading figures from the technology and financial sectors are expected, including Jeff Bezos, Elon Musk, Sundar Pichai, Sam Altman, Jensen Huang, Michael Dell, Jane Fraser and Tim CookMelania Trump and Peng Liyuan will instead have a separate program, with a visit to the Smithsonian, while a formal tea and a visit to the National Archives are planned for the following day.

US-China tariffs: truce extended until January 10, 2027

U.S. Treasury Secretary Scott Bessent announced that the United States and China have agreed to extend the tariff truce by two months, that would expired on November 10 and will therefore remain in force until January 10, 2027. The extension gives the two sides additional time to negotiate a broader economic agreement and builds on the agreement reached in Busan, South Korea, which froze tariff escalation and provided for a reciprocal reduction of some tariffs, as well as the extension of some American exemptions.

Among the trade issues still outstanding are Washington's demands on China regarding purchases of American products and Beijing's demands regarding US restrictions on advanced technologies. Bessent, however, clarified that a broader agreement is not yet a given: the current agreement could simply be extended. upcoming international events, including those planned in China in November and Florida in December, could offer new opportunities to continue the negotiations.

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