The United States said it has extended the trade truce with China

US Treasury Secretary Scott Bessent said that the two sides reached an agreement to extend the trade truce, Reuters reports. The statement came shortly after US President Donald Trump met personally with Chinese leader Xi Jinping at Andrews Air Force Base in the state of Maryland.

The Chinese Embassy in Washington did not provide any immediate comments. “China and the United States should be partners, not rivals,” Xi said in a written statement published by the Embassy of the PRC. At the same time, the text did not mention a trade agreement.

In an interview with the Fox News program Special Report, Bessent said the new deal would extend the trade truce until January 10. Originally, its term was set to expire on November 10.

However, serious disagreements remain between the countries, Reuters notes. Among the contentious issues are export restrictions on rare earth metals and computer chips, China’s relations with Iran, as well as Washington’s support for Taiwan.

Xi Jinping arrived in the United States on a three-day visit. The meeting of a foreign leader at the airport by the US president is the first such case in 11 years. Previously, similar honors were last extended to Pope Francis in 2015 during Barack Obama’s presidency.

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