Economy
US and China Extend Trade Truce Until January 10
US Treasury Secretary Scott Bessent announced that the United States and China have agreed to extend their trade war truce by two months until January 10. While both nations continue negotiations for a broader trade agreement, Bessent noted uncertainty regarding a larger deal before the deadline and highlighted that China is lagging on commitments to purchase American agricultural products. Concurrently, reports indicate the Trump administration is considering a 90-day ban on diesel exports to lower energy prices ahead of November elections, though this plan faces internal opposition from officials who warn it could backfire.
Ozetta summarises; the reporting is the newsroom's