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The Economic Times
The Economic Times
National

'Busan Agreement' explained: What the US-China trade truce means for world trade

United States China Scott Bessent Busan Donald Trump Washington D.C. Beijing Xi Jinping Fox News

The US-China trade truce is getting an extension.

US Treasury Secretary Scott Bessent said on Fox News on Wednesday that Washington and Beijing had agreed to extend the so-called Busan Agreement until January 10, giving the two sides more time to work on their economic relationship.

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