US and China remain divided on trade truce extension, Greer says

The US and China remain divided over the terms of an extension to their trade truce, US Trade Representative Jamieson Greer said, indicating Washington could support a three- to six-month renewal.

The current tariff ceasefire expires Nov. 10. “We will continue to have discussions about that,” Greer said Monday on Bloomberg Television, adding that an extension was unlikely to be announced immediately but both sides want one.

Greer said China’s limits on rare-earth exports have created uncertainty that the US is monitoring. Washington wants incremental extensions to ensure Beijing complies with its commitments, he said, adding that it would be naive to assume the two countries have full trust and confidence in each other.

Asked whether three to six months was the likely range, Greer said it was “probably the right kind of range,” although he did not expect an announcement that week.

Greer and Treasury Secretary Scott Bessent held several hours of talks in New York on Sunday. The discussions covered artificial intelligence, trade and the economic fallout from the war in Iran ahead of a summit between President Donald Trump and Chinese President Xi Jinping.

“The focus is on stability between the US and China and we’re continuing that,” Greer said.