U.S. Treasury Secretary Scott Bessent announced that the U.S. and China have sealed a two-month extension to their trade truce, as Xi Jinping landed in the United States for his first state visit in 11 years.
Xi and his wife, Peng Liyuan, a celebrated soprano, touched down at Joint Base Andrews outside Washington shortly before 6 p.m.?on Wednesday. Donald Trump shook hands with the couple, becoming the first U.S. president in six decades to receive a foreign counterpart at that airport, excluding visits by the pope.
Around the same time, Bessent unveiled a Jan. 10 deadline for the deal struck last year to keep down tariffs and some export controls between the world’s largest economies. The Chinese government has not confirmed that expiration date. “I don’t know whether a bigger deal can be done,” Bessent told Fox News.
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