US and China aim to extend tariff truce, but Trump has final say

Bessent warns duties will 'boomerang' to 145% if president doesn't agree

20250729N Bessent Stockholm

U.S. Treasury Secretary Scott Bessent attends a press conference after trade talks between the U.S. and China concluded in Stockholm on July 29. (Magnus Lejhall/TT News Agency via Reuters)

PAK YIU

NEW YORK -- The U.S. and China are pushing to extend their tariff truce after negotiations aimed at tackling trade disputes between the world's two largest economies ended in Stockholm on Tuesday.

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