The United States and China have extended the "Busan Agreement" until January 10.

The United States and China have agreed to extend the "Busan Agreement" until January 10. This was announced on September 23 by US Treasury Secretary Scott Bessent after a meeting with Vice Premier of the State Council of the People's Republic of China He Lifeng.

""We have agreed to extend the so—called "Busan Agreement" — an agreement on a kind of economic detente in relations between the two countries," Bessent said in an interview with Fox News channel.

According to him, this will allow Washington and Beijing to get more time to understand what can be done in the economic sphere.

The "Busan Agreement", which was supposed to expire on November 10, was signed by American President Donald Trump and Chinese President Xi Jinping in October 2025.

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Guo Jiakun, an official representative of the Chinese Ministry of Foreign Affairs, said on September 17 that any attempts of external interference, pressure or coercion in matters of its economic cooperation with other states were categorically unacceptable to China. The diplomat stressed that Beijing consistently opposes illegal unilateral sanctions and mechanisms of expanded jurisdiction.