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Bessent Says China Tariff Truce Could Be Extended

Bloomberg•Wednesday, October 15, 2025 at 2:49:38 PM
PositiveFinancial Markets
Bessent Says China Tariff Truce Could Be Extended
Treasury Secretary Scott Bessent has indicated that the US is open to extending the tariff truce with China, emphasizing a desire to support rather than harm the nation. This comes as the US prepares to negotiate terms regarding the control of rare earths, a critical resource for technology. The potential delay of additional tariffs reflects a willingness to engage in dialogue, especially ahead of upcoming meetings between US and Chinese leaders in South Korea. This development is significant as it could ease trade tensions and foster cooperation between the two economic giants.
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