US, China agree to extend 'the Busan agreement' until January, Bessent says

September 23, 2026 6:22 PM EDT

US Treasury Secretary Scott Bessent speaks to the media after meeting China's Vice Premier He Lifeng, ahead of a summit between US President Donald Trump and Chinese President Xi Jinping, at JPMorgan Chase's global corporate headquarters in New York City,

WASHINGTON, Sept ‌23 (Reuters) - ​U.S. ​Treasury Secretary Scott Bessent said on ‌Wednesday the United States and ⁠China agreed on Wednesday ‌to extend "the Busan ‌agreement."

His comments on Fox News' "Special Report" program came ​after he met with Chinese Vice Premier ⁠He Lifeng ahead of Chinese President ​Xi Jinping's state visit to Washington this week.

"We ​met today to ‌see if we could do a ⁠bigger deal as opposed to just a series ⁠of smaller things. We have ​agreed today that we will extend what we call the ‌Busan Agreement," Bessent said, adding the agreement ‌will be extended ⁠until January ‌10.

(Reporting by ​Jasper Ward in Washington; Editing by Chris ‌Reese)



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