US Treasury announces two-month extension

According to the US Treasury, Washington and Beijing reached an agreement to extend the current trade truce for an additional two months. The truce has served as a temporary de-escalation in the tariff conflict between the two countries, which has weighed heavily on global supply chains, including the semiconductor and PC hardware sectors.

The announcement was made unilaterally by the US side. Beijing has not issued its own official confirmation of the agreement, leaving the exact terms and mutual understanding of the arrangement unverified.

Chinese confirmation still pending

Without official confirmation from the Chinese government, the full scope of the deal — including what concessions, if any, were exchanged on either side — remains unclear. Any extension of the truce carries significance for Korean exporters such as Samsung and SK hynix, whose semiconductor and AI-related businesses remain sensitive to shifts in US-China trade policy.

The two-month window is expected to provide a pause, but whether both parties honor the same terms will depend on follow-up statements and actions from Beijing.

Outlook

Markets and exporters are likely to watch for an official Chinese statement in the coming days. Until then, the two-month extension rests on the US Treasury's account alone.

The claim that the US Treasury announced a two-month extension of the US-China trade truce by agreement is Mostly True, as the Chinese side's official confirmation of that agreement has yet to be secured.