US 'Continues Discussions to Extend Trade Truce' with China... May Not Make Announcement at Summit

U.S. Trade Representative Jamieson Greer stated on the 21st (local time) that the United States and China are continuing discussions regarding the extension of their bilateral "trade truce," which is set to expire in November.

In an interview with Bloomberg TV that day, when asked about the tariff truce expiring on November 10, Greer said, "We will continue to discuss this."

He added, "While we do not necessarily foresee an immediate extension right now, there is still time," and "Because both sides want an extension, we expect discussions to continue."

When asked if a 3-to-6-month extension is being discussed, he replied, "That is probably the appropriate range."

However, he predicted that the likelihood of an extension agreement being announced within this week is low.

While attention had focused on whether an agreement to extend the trade truce would be reached on the occasion of the summit between U.S. President Donald Trump and Chinese President Xi Jinping on the 24th, Greer's remarks are interpreted as suggesting that a related agreement may not be announced during the summit.

Greer cited the need to monitor China's implementation of agreements as the background for pursuing a multi-month, step-by-step extension rather than a long-term one.

He also mentioned China's rare earth export restrictions, pointing out that China created such uncertainties, and stated, "At this point, it would be somewhat naive to say that we completely trust each other."

In an interview with Fox News regarding expectations for the outcome of the U.S.-China summit, Greer said, "There will not be some giant grand bargain between the U.S. and China," explaining that "the two countries' economic and political systems are too different."

He went on to emphasize, "What we truly want is sustained stability."

At the same time, he explained that the summit would serve as an opportunity to launch full-fledged AI dialogues between the two nations, and that operational procedures and target items for the "Board of Trade" discussed during the U.S.-China summit in Beijing last May would also be announced.

(Photo: AP, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.