Treasury Secretary Scott Bessent said the U.S. is likely to hash out an extension of President Donald Trump’s upcoming trade deadline with China. Bessent said he will be meeting 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. The U.S. 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. 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