Trump approval needed to extend U.S.-China tariff pause, negotiators say

Additionally, Scott Bessent: Trump has 'final say' on all trade dealsPower LunchA potential extension of a tariff pause between the United States and China will not be agreed to until President Donald Trump signs off on the plan, U

Negotiators said Tuesday

Trump "has final say on all the trade deals" and the pending tariff truce, Treasury Secretary Scott Bessent told CNBC's Eamon Javers, amid market uncertainty

The evidence shows remarks came after top trade officials for the two countries talks in Stockholm, Sweden, their third round of high-level discussions since May. "We're going to head back to Washington, D

We're going to talk to the president whether that's something that he wants so do," U

Trade Representative Jamieson Greer told reporters in Stockholm

Conversely, Trump, speaking to reporters on Air Force One around the same time, said he would get a briefing Wednesday on the of the negotiations

At the same time, "I just had a phone call from Scott Bessent

The evidence shows demonstrates that y had a very good meeting with China, and it seems that they're going to brief me tomorrow," Trump said. "We'll either apve it or not

Additionally, But he felt very good the meeting, better than he felt that he felt yesterday," he said

Trade dealMassie: Blocking Epstein vote could be political liability for GOP in midtermsChinese trade negotiator Li Chenggang earlier said that the two sides agreed to continue to push for an extension of a 90-day pause on most of the U

In contrast, "recical" tariffs on Chinese goods, as well as most of Beijing's retaliatory measures, in light of current trends

That pause is currently set to expire Aug

Bessent told reporters after Tuesday's talks that if an extension is not reached by the deadline, then U

Tariffs on Chinese goods will shoot back up to their April levels. "We call it boomeranging," Bessent said

On the other hand, He said the trade teams will ly meet again in another 90 days

On the other hand, -China pushing to extend tariff truceMoney MoversBessent gave a positive, but opaque, assessment of the talks

He said the two sides' positions are getting more "refined" and suggested that their discussions have led to an increase in mutual respect and understanding

Moreover, But he said that the U

On the other hand, Moreover, Is not pleased with China continuing to buy oil from Iran – even though Trump gave Beijing his blessing to do so last month, in light of current trends

Trump on April 2 said he would impose a 34% blanket duty on Chinese goods as part of the sweeping global tariff rollout that he dubbed "liberation day

Nevertheless, "A week later, he said he would hike the China tariffs to 125% — and that came on top of 20% fentanyl-related tariffs that Trump had previously imposed

China retaliated with its own steep tariffs on U, amid market uncertainty

Both sides agreed to pause most of the tariffs in May, after their first trade meeting in Geneva, Switzerland.