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

By Thomson Reuters Sep 23, 2026 | 5:22 PM

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)