Scott Bessent, the Treasury secretary who is leading trade talks with China this week, said Wednesday in an interview on Fox News that the United States and China had agreed to extend a trade truce for two more months past a November deadline.

The truce was struck in South Korea last year after President Trump imposed steep tariffs on Chinese exports and the United States and China became embroiled in a tit-for-tat trade war. The truce has involved the United States’ suspending certain tariffs and other restrictions on the Chinese economy, and China’s agreeing to provide a steady flow of rare earth minerals needed by U.S. factories making cars, semiconductors, planes, power tools and other products.

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