US-China Leaders' April Summit May Extend Trade Ceasefire - South China Morning Post

LootboxPhobia · 2026-02-12T00:02:09+00:00

The United States and China may extend the trade truce for another year at the April summit. The truce agreement reached last year eased relations between the two sides and canceled some tariffs. Since then, China has resumed purchasing U.S. soybeans, and the upcoming summit is expected to focus on short-term economic benefits.

LootboxPhobia

2026-02-12 00:02:09

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Investing.com – According to the South China Morning Post, citing sources familiar with the discussions, when U.S. President Donald Trump meets with China’s top leaders in Beijing in early April, the U.S. and China may extend the trade truce period by one year.

The current ceasefire agreement reached during bilateral talks held in Busan, South Korea, in October last year, eased tensions by canceling tariffs and export controls that had been escalating throughout 2025. Prior to the agreement, bilateral relations had significantly deteriorated, with both sides implementing triple-digit “retaliatory” tariffs, and China imposing broad bans on U.S. agricultural products for most of 2025.

Since the October agreement, China has resumed purchasing U.S. soybeans, a crop of political importance to the United States.

Sources say that extending this informal agreement is seen as a realistic and achievable goal ahead of the upcoming summit. The meeting is expected to focus on short-term economic interests, including new commitments from China to purchase U.S. goods.

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