Xi visits Washington, US-China extend trade truce to January

Chinese President Xi Jinping arrived in Washington on September 23 and was greeted by President Trump, signaling a diplomatic thaw. Concurrently, US Treasury Secretary Bessent announced an extension of the bilateral trade agreement until January, under which both sides suspended certain retaliatory tariffs and China resumed rare earth exports. The visit and truce extension suggest a de-escalation in trade tensions, though the durability of the arrangement remains uncertain.