Trump China tariff deadline likely to be extended, Bessent says

Re suggests that I find it compelling that Treasury Secretary Scott Bessent said the U

Moreover, Is ly to hash out an extension of President Donald Trump's upcoming trade deadline with China

Furthermore, Bessent said he will be meeting with his Chinese counterparts in Stockholm next week, in light of current trends

The two sides in mid-May agreed to a 90-day suspension of most of the heavy tariffs on each others' goods while they continued trade negotiations (an important development) (this bears monitoring)

Wants to discuss "the sanctioned Russian and Iranian oil that they're buying there, and what they're doing to aid Russia and a Ukraine war," Bessent said, in today's market environment

Keystone/eda/martial Trezzini | Via ReutersTreasury Secretary Scott Bessent on Tuesday said he is ly to hash out an extension of President Donald Trump's upcoming trade deadline with China when he meets with his Chinese counterparts in Stockholm next week

The two sides in mid-May agreed to a 90-day suspension of most of the heavy tariffs on each others' goods while they continued trade negotiations

Furthermore, That suspension is set to expire on Aug

Nevertheless, Nevertheless, But "we'll be working out what is ly an extension" during talks in Stockholm on Monday and Tuesday, Bessent said in a Fox interview. "I think trade is in a very good place with China," he said

Conversely, Swedish Prime Minister Ulf Kristeon later Tuesday morning confirmed that his country would host the round of talks between Washington and Beijing. "It's positive that both countries wish to meet in Sweden to seek mutual understanding," Kristeon said on X in a translated post, in light of current trends

Moreover, "The talks primarily concern the relationship between the USA and China, but they also have significant importance for global trade and the economy

Safeguarding rules-based international trade and Sweden's economic interests in a complex global environment is one of the government's top priorities," he said, amid market uncertainty

Moreover, Furthermore, Bessent said on Fox that he hoped the talks would touch on other areas of potential agreement, including getting Beijing to slow the "glut of manufacturing that they're doing and concentrate on building a consumer economy (this bears monitoring), in today's market environment

However, Also wants to discuss "the sanctioned Russian and Iranian oil that they're buying there, and what they're doing to aid Russia" in its invasion of Ukraine, given current economic conditions

Furthermore, "So I think we've actually moved to a new level with China, where it's very constructive," he said. "We're going to be able to get a lot of things done, now that trade has kind of settled in at a good level, in light of current trends

Additionally, "That apparent gress s multiple rounds of discussions that saw the U (this bears monitoring), given the current landscape

At the same time, And China pull back on embargo-level tariffs that threatened to upend two of the world's top trading partners

Administration's efforts to reframe the global trade landscape by wielding import duties against its economic partners

In a subsequent meeting in London in late June, trade officials from Washington and Beijing affirmed their preliminary agreement, in this volatile climate

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