US and China Extend Tariff Truce to January 10

At a three-day Washington summit, President Donald Trump and Chinese President Xi Jinping sought to stabilize relations strained by trade, technology and security disputes. The countries agreed to extend their tariff truce until January 10, giving negotiators more time to pursue a broader economic deal and avoid a return to higher tariffs. They also held their first senior-level talks on artificial intelligence, including discussion of a channel to alert each other to significant AI safety and security risks. Rare-earth supplies, technology restrictions and possible tariff reductions remain sticking points, alongside issues including Taiwan and the Iran conflict. Any accommodation could ease pressure on global trade and supply chains, while reducing incentives for companies to shift manufacturing from China, with implications for India.