The United States and China have agreed to extend their bilateral trade truce by two months, providing additional negotiating time ahead of a crucial summit between US President Donald Trump and Chinese President Xi Jinping. Following intensive discussions between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, both nations are exploring whether to expand beyond existing targeted agreements into a broader, comprehensive trade deal. The extension maintains lowered bilateral tariff rates and secures critical supply flows, including Chinese shipments of rare earth minerals and US agricultural exports such as soybeans. While Washington continues pressing Beijing to fulfill lagging purchase commitments and resolve rare earth export delays, negotiators are also discussing new frameworks around AI safety hotlines, financial services access, and potential tariff removals on $30 billion worth of non-critical goods, offering temporary stability to global trade lanes and cross-border supply chains.