[UPDATE] U.S. and China agreed to extend their trade truce through Jan. 10, Bessent says

The report provides no Chinese confirmation or agreement text showing which tariffs or restrictions the two-month extension covers.

PREVIOUSLY

Aug. 24 — Washington sanctioned nearly 60 Iranian targets and threatened penalties against countries trading with Tehran, including China.
Aug. 26 — Beijing rejected the threat and vowed to defend its interests; U.S. officials planned private talks with Iran’s trading partners.
Aug. 31 — Bessent promised weekly sanctions on foreign firms doing business with Iran, with an Egyptian bank’s Dubai branches already targeted.
Sept. 13 — All 11 BRICS countries condemned unauthorized sanctions and urged Middle East restraint; Xi offered China as a mediator.
Sept. 21 — U.S. and Chinese officials opened New York talks on trade, AI and critical minerals ahead of a Sept. 24 summit.
Sept. 22 — Washington proposed an AI incident hotline with Beijing, with further talks scheduled for November in Shenzhen.
Sept. 23 — Trump welcomed Chinese President Xi Jinping at Joint Base Andrews for Xi’s first U.S. state visit since September 2015.