Key facts
- US President Donald Trump and Chinese President Xi Jinping agreed to support each other in hosting the 2026 APEC and G20 summits.
- The leaders met in Washington and also discussed the Middle East, Ukraine, and the Korean Peninsula.
- The US and China extended their trade truce, the 'Busan Agreement,' to January 10.
- US Treasury Secretary Scott Bessent announced the extension on Wednesday.
- The extension follows talks between Bessent and Chinese Vice Premier He Lifeng.
- China sought to extend the trade truce until 2029.
US President Donald Trump and Chinese President Xi Jinping agreed to support each other in hosting the APEC Economic Leaders’ Meeting and the G20 summit in 2026, according to a report from Xinhua news agency on Thursday. The leaders met in Washington and also exchanged views on the Middle East, Ukraine, and the Korean Peninsula.
Separately, US Treasury Secretary Scott Bessent announced on Wednesday that the US and China have extended their trade truce, known as the 'Busan Agreement,' until January 10. The original agreement was set to expire on November 10. The extension, which followed talks between Bessent and Chinese Vice Premier He Lifeng, allows the US additional time to assess China's adherence to trade commitments. China had reportedly sought an extension until 2029.