Wed, 30 Jul 2025

Wed, 30 Jul 2025 No deal on China tariffs until Trump says yes: Bessent

China's trade negotiator said both sides agreed to push to preserve a trade war truce.
US and China officials have concluded two days of talks, describing them as "constructive". Both sides agreed to continue working towards extending their 90-day tariff truce, which is set to expire next month. However, any extension will depend on US President Donald Trump's decision. The truce was established in May and temporarily suspended some measures against each other. If not extended by the August 12 deadline, tariffs could "boomerang" back up. Negotiators discussed each other's economies, rare earths, and critical minerals, as well as China's dealings with Russia and Iran. The US is pressing for China to sell TikTok to an American company and speed up its export of critical minerals. Both sides emphasized the importance of a stable trade relationship between them.
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