US, China to talk tariff deadline extension next week: Bessent

TREASURY SECRETARY SCOTT Bessent said he will meet his Chinese counterparts in Stockholm next week for their third round of trade talks aimed at extending a tariff truce and widening the discussions.

- BLOOMBERG

"That deal expires on August 12," Bessent said on Fox Business of the scheduled end of the current trade truce between the world's two largest economies. "I'm going to be in Stockholm on Monday and Tuesday with my Chinese counterparts and we'll be working out what is likely an extension then."

He also said that the negotiations with China can now take on a broader array of topics, potentially including Beijing's continued purchases of "sanctioned" oil from Russia and Iran.