New Delhi, Sept. 24 -- Chinese President Xi Jinping is in Washington for his highly anticipated meeting with US President Donald Trump. Ahead of Xi's arrival, Treasury Secretary Scott Bessent announced the US and China have sealed a two-month extension to their trade truce.

Chinese President Xi and US President Trump had agreed to a one-year trade truce at a meeting in South Korea last October after a tit-for-tat tariff war.

The deal was set to expire in November and will now be extended to January 10.

"We will extend what we call the 'Busan Agreement' - the economic detente between the two countries that was scheduled to end on November 10 - that is going to be extended until January 10," Bessent said in an interview on Fox News, addi...