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US-China trade truce extended to Jan 10; mutual tariff cuts agreed
ClarínLO·US · CN·about 3 hours ago
US Treasury Secretary Scott Bessent announced a bilateral agreement to extend the 'Pusan' trade deal, waiving certain mutual trade restrictions, until January 10, 2026. The extension signals continued de-escalation in US-China economic tensions, though specific terms and scope remain undisclosed. This follows a pattern of temporary truces rather than a comprehensive resolution.