Summary
- Scott Bessent, the United States Secretary of the Treasury, announced that President Donald Trump will make a final decision tomorrow on the extension of the US-China tariff truce.
- The US side reported that adding a 90-day extension to the current tariff truce is under strong consideration.
- Jamieson Greer of the United States Trade Representative stated that there is a high possibility the two negotiation teams will meet again in about 90 days, with the final decision to be made by President Trump.
According to foreign media on the 29th (local time), Scott Bessent, the United States Secretary of the Treasury, stated that President Donald Trump will make the final decision tomorrow (local time) on whether to extend the US-China tariff truce.
This statement came after high-level talks between the world's two largest economies, the United States and China, were held in Stockholm, Sweden, for two days to ease trade tensions.
The US side reported that adding a 90-day extension to the current tariff truce is being strongly considered.
Jamieson Greer of the United States Trade Representative (USTR) said, “There is a high possibility that the two countries’ negotiating teams will meet again in about 90 days,” and, “This meeting was certainly constructive, and I will report the positive outcomes to the President.”
He added, “Whether to extend the tariff truce will be decided directly by President Trump.”
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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