Early Win in Trump-Xi Summit as US-China Agree To Extend Tariff Truce
US President Donald Trump and Chinese President Xi Jinping met in Washington today, Wednesday, September 24, 2026, after both countries agreed to extend their existing trade truce.
Xi arrived at Joint Base Andrews in Maryland on Wednesday evening for a three-day state visit, his first to Washington since 2015. In a rare diplomatic gesture, President Trump personally welcomed him on the tarmac with First Lady Melania Trump.
The early breakthrough came as Xi landed. US Treasury Secretary Scott Bessent announced that Washington and Beijing had agreed to extend their trade truce until January 10, 2027.
The truce, known as the Busan Agreement, was first reached when Trump and Xi met on the sidelines of a summit in Busan, South Korea, on October 30, 2025. It was due to expire on November 10, 2026. Under the agreement, both sides scale back tariffs and refrain from imposing new trade restrictions to stabilize relations between the world’s two largest economies.
The extension gives negotiators more time to work on deeper issues. The two leaders are now expected to discuss trade and tariffs, rare-earth minerals and critical minerals, artificial intelligence and advanced technology, Taiwan, and China’s economic relationship with Iran.
The meeting is the second summit between Trump and Xi in less than six months, following Trump’s visit to Beijing in May 2026. #Early Win in Trump-Xi Summit as US-China Agree To Extend Tariff Truce # Oil Dips Below $100 on US-Iran Talks, Saudi Pipeline Flow
