The Extended US-China Busan Trade Truce Runs Out
SCHEDULED2 months late77% CONFIDENCETreasury Secretary Bessent, per NBC News[1]: the Busan Agreement "that was scheduled to end on Nov. 10 — that is going to be extended until Jan. 10".
The October 2025 Busan truce (a 10-point cut to the US fentanyl tariff, general licences for Chinese rare-earth exports, US soybean purchases, paused port fees) now lapses on January 10, 2027. Scott Bessent announced the two-month extension from November 10 as Xi Jinping landed in Washington.
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