US and China extend trade truce by only two months

The recent US-China summit produced a limited and cautious result for trade between the two countries: a two-month extension of the Kuala Lumpur trade truce. The truce now ends on January 10 next year. This delay eases fears of immediate tariff increases. It also shows that talks between heads of state can still slow down a worsening confrontation. However, the short timeline reveals the deep gap between the two sides' priorities. China's position has been clear: it wants all punitive tariffs and restrictive measures removed.