US EditionBessent Says He Will Meet Chinese Officials, Discuss Tariff Deadline Extension
STOCKHOLM, SWEDEN, JUL 22 – U.S. Treasury Secretary Scott Bessent will negotiate extending the tariff truce and address China’s sanctioned oil purchases amid bipartisan Senate support for 100% tariffs on violators.
- On July 22, Scott Bessent, the US Treasury Secretary, announced plans to meet with Chinese officials next week in Stockholm to discuss trade matters.
- The meeting will focus on extending the suspension of higher tariffs set to expire on August 12 after a 90-day truce began in mid-May.
- Bessent characterized the trade ties with China as positive and noted that upcoming discussions might focus on China’s acquisition of Russian and Iranian oil under sanctions, as well as its assistance related to the conflict in Ukraine.
- He forecasted a surge in trade agreements leading up to the August 1 deadline and mentioned that if the truce expires, tariffs would likely return to the reciprocal levels established on April 2.
- The outcome of the talks could lead to extending tariff suspensions and broadening cooperation on trade and economic reforms, though some issues remain unresolved.
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Bessent says he will meet Chinese officials, discuss tariff deadline extension
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Coverage Details
Total News Sources25
Leaning Left7Leaning Right4Center5Last UpdatedBias Distribution44% Left
Bias Distribution
- 44% of the sources lean Left
44% Left
L 44%
C 31%
R 25%
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