Bessent: Trump Admin. Slow to Extend China Trade Truce Ahead of Nov

Bessent stated the Trump administration does not feel urgency to extend the China trade truce set to expire in November, signaling a potential hardening of U.S. trade posture. This stance reinforces expectations of sustained or escalating trade tensions, which could weigh on risk appetite and trigger capital flow shifts toward safe-haven assets. Chinese equities, the yuan, and export-sensitive Asian currencies are particularly vulnerable to renewed trade uncertainty, while U.S. agricultural and energy sectors may face retaliatory risks. The lack of immediate negotiation momentum increases market focus on October’s U.S.-China trade review meetings and any official comments from the U.S. Trade Representative’s office as key near-term catalysts.

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