Chinese stocks fell after U.S. President Donald Trump and Chinese President Xi Jinping concluded talks in Washington, D.C., without announcing a broader trade agreement. The Shanghai Composite dropped 0.8% to 3,859, while the Shenzhen Component declined 2.1% to 13,033, a nearly two-month low. The two governments extended their trade truce through Jan. 10 and said they had reached consensus on reducing tariffs covering a $60 billion batch of non-sensitive goods, although no implementation timetable was announced and the deadline for a broader accord moved into next year. Treasury Secretary Scott Bessent said China was meeting a commitment to purchase 25 million metric tons of U.S. soybeans annually but remained behind on a separate $17 billion pledge for other U.S. agricultural products. China had not purchased U.S. corn for the current marketing year, while sorghum purchases lagged expectations. Proposed tariff reductions covered Chinese toys, fireworks and Christmas ornaments and U.S. agricultural goods including corn and dairy; soybeans were absent from one published Chinese list. Analysts described the outcome as a managed stalemate that created a positive political atmosphere and a public-relations benefit for China while leaving disputes over investment, Taiwan, Iran, artificial intelligence and broader economic policy unresolved.