“Is it possible that we could go to a longer roll in return? Perhaps. But all that’s going to be negotiated in the coming weeks,” Bessent said during a press conference in Washington.
US Treasury Secretary Scott Bessent dangled the possibility of extending a pause of import duties on Chinese goods for longer than three months if China halts its plan for strict new export controls on rare earth elements.
The US and China have agreed to a series of 90-day truces since earlier this year, with the next deadline looming in November.
