Trump-Xi talks extend trade truce through Jan. 10 without broader deal

  • Trump and Xi concluded talks without announcing a broader trade agreement.
  • China is meeting its 25-million-metric-ton annual U.S. soybean purchase commitment.
  • The trade truce runs through Jan. 10 as broader negotiations continue.

President Donald Trump and Chinese President Xi Jinping concluded talks Thursday without announcing a broader trade agreement, while the two countries extended their existing trade truce by two months through Jan. 10. The extension gives negotiators more time to address tariffs, agricultural purchases and other disputes. Treasury Secretary Scott Bessent said China is meeting its earlier commitment to purchase 25 million metric tons of U.S. soybeans annually but remains behind on a pledge to buy $17 billion in other U.S. agricultural products. China has not purchased U.S. corn for the current marketing year, and sorghum purchases have fallen short of expectations, Reuters reported. Farm groups are seeking stronger commitments and lower Chinese tariffs on American agricultural products as negotiations continue.

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