Trump China tariff deadline likely to be extended, Bessent says
US Treasury Secretary Scott Bessent speaks with Prime Minister He LiFeng during a bilateral meeting between the United States and China in Geneva, Switzerland on Saturday, May 10, 2025.
Keystone/Eda/Fighting Trezzini | Through Reuters
Treasury Secretary Scott Bessent said that on Tuesday, when he met his Chinese colleagues in Stockholm next week, President Donald Trump would reveal an extension of the upcoming trade history with China.
In mid -May, the two sides continued their trade negotiations, while most of the heavy tariffs on each other’s property would be suspended for a 90 -day suspension. This suspension will end on August 12th.
However, during the talks at Stockholm on Monday and Tuesday, he said, “We will probably try to extension.”
“I think trade is in a very good place with China,” he said.
Swedish Prime Minister Ulf Kristerson confirmed that his country would later hold the last talks between Washington and Beijing on Tuesday morning.
“Both countries want to meet in Sweden to seek mutual understanding.” He said. Translation shipment.
“Negotiations are primarily concerned with the relationship between the US and China, but it also has a significant importance for global trade and economy. It is one of the most important priorities of the government to protect the rules -based international trade and Sweden’s economic interests in a complex global environment,” he said.
Bessent said that at Fox Business, Bijin hoped that Beijing would be worth the other areas of the potential agreement, including the abundance of the abundance of production of production and its focusing on concentrating on building consumer economy “.
The United States also wants to argue in the ongoing Ukrainian invasion “what they’re doing to help Russian and Iranian oil and Russia.”
“I think we went to a new level with China, which is very constructive.” He said. He continued: “Now we will be able to do many things because trade is set to a good level.”
This prominent progress follows many discussions that see that the US and China have retreated to the embargo level tariffs that threaten to raise two of the best trade partners of the world.
In April, Trump increased the tariffs on Chinese goods to 145%, as Beijing has become the greatest goal of its efforts to re -frame the global trade landscape by performing import tasks against the economic partners of the new US administration.
China had retaliated with 125% tariff in US imports.
The two sides agreed to reduce tariff rates by 115 percent of the first talks in Geneva in May.
At a meeting in London in late June, Washington and Beijing trade officials confirmed their preliminary agreements.
