world-economy

China, US Signal Intent to Extend Trade Truce as Negotiations Resume

China indicated it will pursue extended negotiations with the United States to maintain a trade agreement established last October, as relations between the world's two largest economies show signs of stabilization. U.S. Trade Representative Jamieson Greer expressed cautious optimism regarding ongoing bilateral discussions, citing progress on agricultural purchases and rare earth material supplies. China renewed import permits for hundreds of U.S. beef processing facilities, resuming meat trade suspended during earlier tensions. The moves come as President Trump conducts a state visit to Beijing, the first by a sitting U.S. leader in nine years. While both nations signal willingness to continue the truce, officials acknowledged that tariff disputes and supply chain vulnerabilities remain unresolved and require further discussion.