US open to extending China trade truce, or bigger deal, Bessent says

WASHINGTON — The United States is open to extending the U.S.-China trade truce that expires on November 10 or considering a possibly larger trade deal, U.S. Treasury Secretary Scott Bessent said on Wednesday as he left a meeting with Chinese Vice Premier He Lifeng to prepare for a summit between the two countries' leaders. Bessent gave no details about a potentially bigger U.S.-China trade deal following his second meeting with He in four days. U.S. President Donald Trump and Chinese President Xi Jinping are expected to discuss the issues further at the White House on Thursday. "The Chinese on Sunday came up with the idea of a bigger deal, and given that this could be a historic year where the leaders meet up to four times -- this being the second meeting, in Shenzhen and then in Miami -- we're open to the idea of just continuing the Busan arrangement or examining the bigger deal," Bessent told reporters. "We're fine with both, and we're going to do what's best for the American people." Bessent earlier described the meeting at World Bank headquarters in Washington as clearing up some