After a meeting in Oct 2025, both Xi Jinping and Donald Trump agreed to rollback the tariffs and export controls. Now, the next meeting may result in an extension of the truce, says a source-based report in the Chinese media.
Now, a new report says the two leaders may agree to extend the current tariff truce, in effect since November 2025by another year.
The latest report in the South China Morning Post, headquartered in Hong Kong, cites multiple sources familiar with the discussions between Washington, D.C. and Beijing.
Asian markets hit a new record high on Feb 12, extending their winning streak to a fifth straight day.With the latest rally, the MSCI Asia Index is up around 13% so far this year, its best start to the year relative to the S&P 500 this century, according to Bloomberg.
The November 2025 rollback of tariffs and export controls followed an hour-and-forty-minute meeting between Trump and Xi in Busan, China. The two leaders agreed to pause trade hostilities for a year.
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(Edited by : Sriram Iyer)
First Published: Feb 12, 2026 8:25 AM IS
