US and China aim to extend tariff truce, but Trump has final say

Bessent warns duties will ‘boomerang’ to 145% if president doesn’t agree

U.S. Treasury Secretary Scott Bessent attends a press conference after trade talks between the U.S. and China concluded in Stockholm on July 29. (Magnus Lejhall/TT News Agency via Reuters)

PAK YIU

July 30, 2025 01:24 JST

Updated on July 30, 2025 02:54 JST

NEW YORK — The U.S. and China are pushing to extend their tariff truce after negotiations aimed at tackling trade disputes between the world’s two largest economies ended in Stockholm on Tuesday.

U.S. Treasury Secretary Scott Bessent said technical details remained unsolved and that an extension of the pause will be subject to U.S. President Donald Trump’s approval

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US and China aim to extend tariff truce, but Trump has final say

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