U.S. Treasury Secretary Scott Bessent says President Donald Trump must approve the pause before it can go ahead.
Breakdown
- U.S. and China agreed to work on extending the deadline for new tariffs after trade talks in Stockholm.
- The extension of the tariff pause still requires approval from U.S. President Donald Trump. 12s
- U.S. officials raised concerns about China's purchases of sanctioned Iranian oil and technology sales to Russia. 22s
- Both sides aim to extend the current tariff pause by another 90 days beyond the existing deadline. 46s
- A potential summit between President Trump and President Xi Jinping is being considered to advance negotiations. 55s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.