Paris ¨C The administration of U.S. President Donald Trump is ¡°not in a rush¡± to extend a tariff and critical minerals trade truce with China that ends in November, as there is time to renew it in meetings later this year, U.S. Treasury Secretary Scott Bessent said on Tuesday.
In his first interview since attending last?week¡¯s high-stakes summit with Chinese President Xi Jinping ?in Beijing, Bessent said that he believes China will accept the restoration of prior U.S. tariff rates through new Section 301 duties, as long as they don¡¯t go higher.
China in ?recent months ?had ¡°gotten a deal¡± on lower tariffs as a result of the U.S. Supreme Court¡¯s decision striking down Trump¡¯s global emergency duties, he ?said on the sidelines of a G7 finance leaders meeting in Paris.
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