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US and China extend trade truce by two months amid broader deal talks

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The United States and China have agreed to extend their existing trade agreement through January 10. The decision came after talks between US Treasury Secretary Scott Bessent and Chinese Vice-Premier He Lifeng. The extension is intended to give both sides time to assess China's adherence to its trade commitments. The two nations are also using this period to explore a wider trade deal. Upcoming meetings are expected to cover additional topics such as artificial intelligence and Taiwan relations.

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