Bessent says China tariff deadline likely to be extended
US Secretary of the Treasury Scott Bessent, left, speaks with Chinese Vice Premier He Lifeng, right, during a bilateral meeting between the United States and China, in Geneva, Switzerland, on Saturday, May 10, 2025.
Keystone/eda/martial Trezzini | Via Reuters
Treasury Secretary Scott Bessent on Tuesday said the U.S. is likely to hash out an extension of President Donald Trump’s upcoming trade deadline with China when he meets with his Chinese counterparts in Stockholm, Sweden, 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. That suspension is set to expire on Aug. 12.
But “we’ll be working out what is likely an extension” during talks in Stockholm on Monday and Tuesday, Bessent said in a Fox Business interview.
“I think trade is in a very good place with China,” he said.
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