No extension of US-China tariff deadline, yet
'We'll either approve it or not. But he felt very good about the meeting, better than he felt yesterday,' Trump added.
Greer told reporters at the briefing that absent that extension, the tariff rate would snap back to around 80 percent, counting the duties that have been in place since Trump's first term, a 20 percent duty the president imposed earlier this year over fentanyl shipments, and an additional 34 percent 'reciprocal' tariff rate Trump first unveiled in early April.
If Trump agrees to the extension, it will be for 'about 90 days,' Bessent said.
That echoed comments by China's international trade negotiator Li Chenggang earlier on Tuesday. 'The two sides will continue to push for the continued extension of the pause,' Li told reporters.
The Stockholm talks marked the third time since May that Bessent and Greer have met with Chinese negotiators led by Chinese Vice Premier He Lifeng. Previous rounds of talks — in Geneva in May and London in June — focused on stabilizing the trade relationship after friction peaked in April. That included slamming the brakes on tit-for-tat tariff increases, easing Beijing's blockade on critical minerals exports and eliminating U.S. curbs on sales of ethane to Chinese manufacturers.
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