Tariff pause for countries in ‘good faith’ talks

Treasury secretary Scott bets reported on Wednesday the opening of the Trump administration to extend the current president Donald Trump 90 -day price break Beyond July 9 for the best trade partners in the United States, as long as it shows a “good faith” in the current trade negotiations.

The United States has 18 “important business partners,” said Bessent during an audience before the chamber and chamber committee in Washington. The Trump administration, he said, “works on agreements” with these countries.

“It is very likely,” said Bessent, that for these countries and the commercial blocks, like the European Union, “which negotiates in good faith”, “the United States” would make the date of the date on good faith negotiations “.

“If someone does not negotiate, then we will not do it,” he told the Chamber’s tax editorial committee.

Until now, Trump administration officials have not suggested that they are ready to retreat the 90 -day price break without at least “Conditions of an agreement“Before the break of the break.

Bessent’s remarks indicate that Trump administration could be more inclined to change the self-imposed deadline as it gets closer.

President Donald Trump 90 -day break on reciprocal prices, Announced on April 9should end in less than a month.

Trump officials said on several occasions that they were about to incorporate trade agreements with half a dozen countries. But so far, the White House has only announced an official commercial agreement with the United Kingdom And a framework agreement with China.

American China agreement was announced on Wednesday earlier, but all the details of the agreement were not clear.