A temporary easing of trade tensions between the United States and China has been confirmed, with both sides agreeing to prolong their current trade truce ahead of high-level diplomatic discussions. The announcement comes as Chinese President Xi Jinping begins a key state visit, signaling a potential pause in escalating economic disputes. Officials suggest the move could stabilize markets and prevent further tariff hikes, though details on the scope of the agreement remain limited. The development follows months of strained relations over trade policies and economic competition.
The US treasury secretary said that the US and China had reached an agreement to extend a trade truce as Xi began his visit.
