China, U.S. Extend Trade Truce to Jan 2027, Cut Tariffs on $30B Goods

China and the U.S. have extended their 2025 trade truce until January 2027, averting new tariffs and committing to a framework that reduces tariffs on $30 billion in goods. The extension also establishes bilateral councils for trade and investment, signaling continued de-escalation. Uncertainty remains over implementation and whether this will lead to a broader agreement.