The Glossary
The Truce
November 10, 2025 → January 10, 2027: the clock the whole file now runs on.
Definition
The Busan truce is a standstill agreement, not a settlement: both sides hold current tariff and control levels while working groups negotiate. It was extended on September 26, 2026 — alongside $60 billion of reciprocal tariff cuts on covered goods and a new AI dialogue — from November 10, 2026 to January 10, 2027. As of this site's October 2026 snapshot, the truce holds, with the next extension or rupture due in January.
Why it matters
Every number on this site — trade flows, tariff averages, sector shares — is conditional on which way that deadline breaks. This is the page to bookmark.