US and China Extend Trade Truce for Two Months Until January 2027

Key Facts

China's Ministry of Commerce announced a postponement of export controls on rare earth minerals and related equipment until mid-January 2027. According to Vietnam.vn, this measure implements a two-month trade truce extension agreed upon by President Donald Trump and President Xi Jinping in September 2026. Simultaneously, the U.S. Trade Representative extended Section 301 tariff exemptions for 178 Chinese products and released a draft notice to maintain the suspension of port fees for Chinese vessels.

These reciprocal measures coincide with trade data from November 10, 2026, showing China's exports grew by 35.2% and imports by 41.6% year-over-year. In the United States, the Consumer Price Index (CPI) reached 337.511 on November 10, 2026, as both nations navigate procurement commitments; a Chinese official stated that agricultural purchase targets depend on mutual tariff reductions for $30 billion worth of goods.

Investors are looking toward the release of New Loans data in China on November 13, 2026, which may provide further insight into economic activity during this extended truce period.