China has confirmed it reached an agreement with the United States to extend their trade truce to 10 January 2027, after Washington announced the extension, moving the original expiry date of 10 November. The confirmation marks a significant step in de-escalating what had been a sustained tariff war between the world’s two largest economies.
The extension follows the recent state visit by Chinese President Xi Jinping to the United States, which provided the diplomatic backdrop for fresh economic negotiations.
China’s Ministry of Commerce provided the first detailed official account of the extension of what both sides have called the ‘joint agreement’, originally struck in Kuala Lumpur in October 2025. That deal came days before the summit between Xi and US President Donald Trump in the South Korean city of Busan.
The Kuala Lumpur agreement had suspended, through to November of this year, a range of tariff and non-tariff measures that had been imposed during the escalation of trade tensions between the two powers.
Beijing had until now stopped short of explicitly confirming the extension that US Treasury Secretary Scott Bessent had already announced publicly.
Following the presidential summit, China’s Ministry of Foreign Affairs had confined itself to saying that the two sides’ economic teams had reached a new ‘joint agreement’, without elaborating further.
The Commerce Ministry said on Tuesday that both parties would continue to negotiate during the extension period with the aim of reaching an ‘agreed solution’.
‘This agreement provides space for both parties to review and assess the implementation of what has been agreed and how to advance economic and trade relations between China and the United States,’ the ministry said, as quoted by the Notícias ao Minuto portal.
The ministry also detailed additional outcomes from the eighth round of economic and trade consultations, held between 20 and 23 September in New York and Washington, ahead of the Xi-Trump summit.
Among the most significant outcomes is a framework for reciprocal tariff reductions covering goods valued at approximately $30 billion on each side. Under the framework, roughly 90% of the products included would see their duties reduced to most-favoured-nation levels, once the required domestic legal procedures in each country have been completed.
Both countries also agreed to establish a bilateral Trade Council — whose first order of business will be to address the tariff package — and a separate Investment Council to tackle business opportunities and obstacles.
The Trade Council will include an agricultural working group, while US coal will be incorporated into the tariff-reduction arrangement, a move Beijing said would facilitate its imports of that commodity during 2027 and 2028.
On artificial intelligence, China confirmed that Vice Premier He Lifeng and Treasury Secretary Bessent will lead a dedicated AI dialogue, with an inaugural session already having taken place. The two sides also agreed to establish a communication channel for AI-related ‘incidents’ before meeting again before the end of November.
Source: ANGOP / Original article: https://www.angop.ao/noticias/mundo/china-confirma-prorrogacao-da-tregua-comercial-com-eua-ate-2027/
