The US and China have reached broad consensus on extending their trade-war truce for another year, preserving the framework agreed in Busan last year as both governments seek to prevent renewed clashes. President Xi Jinping is expected to meet President Donald Trump in Washington on Sept. 24, with Chinese business leaders potentially joining the delegation, particularly companies interested in investing in the US. The Busan agreement lowered some US tariffs on Chinese goods, suspended additional restrictions on Chinese-affiliated companies, paused some Chinese rare-earth export controls for one year, and established cooperation on US soybean purchases and fentanyl precursor controls. China favors extending the arrangement through 2029, when Trump’s term ends, while the US prefers another one-year renewal. The countries are also discussing reviving an investment committee arrangement from their May summit, including tariff-cut benefits for non-sensitive sectors and products. Ahead of the summit, China is using its chairmanship of APEC to promote a Free Trade Area of the Asia-Pacific, AI and digital-economy rules, connectivity and inclusive growth. Despite continuing measures involving robotics, power inverters, Chinese companies covered by the Uyghur Forced Labor Prevention Act, drones and seven US companies, the South China Morning Post said the disputes are being managed separately and are unlikely to derail broader stabilization efforts.