US Edition
Bessent floats extending tariff pause for countries in ‘good faith’ trade talks
- U.S. Treasury Secretary Scott Bessent suggested on June 11, 2025, that the Trump administration may extend the 90-day tariff pause beyond July 8 for trading partners negotiating in good faith.
- The 90-day tariff suspension, beginning April 9, 2025, was intended to facilitate negotiations with 18 key trading partners, including Japan and South Korea, but the administration has secured fewer agreements than initially anticipated.
- Bessent emphasized the extension would depend on partners continuing sincere negotiations and noted the administration works on deals with key countries and blocs like the EU while managing letters to inform others of trade terms.
- He indicated that if those countries or trading blocs, such as the EU, remain committed to sincere negotiations, the administration is likely to extend the current tariff pause to allow discussions to proceed, but warned that no extension will be granted if partners are not engaging genuinely.
- This potential extension suggests the administration remains engaged in trade talks aimed at preventing tariff impacts on partner economies and may signal flexibility in its trade strategy amid ongoing negotiations.
33 Articles
33 Articles
Bessent Identifies New Strain Of TDS, Reminds Dems They Lost The Election
Treasury Secretary Scott Bessent remarked on Thursday that a “new version of TDS” seems to have emerged, specifically targeting President Donald Trump’s tariff policies, and reminded Democrats that they lost the presidential election last year while defending the sitting administration’s economic policies.Shorthand for “Trump Derangement Syndrome,” TDS refers to a phenomenon characterized by intense negative reactions to Trump, his actions, or h…
Scott Bessent Signals Willingness To Extend Tariff Pause For 'Good Faith' Negotiations, Trump Thinks Not A 'Necessity'
Treasury Secretary Scott Bessent has suggested that the Trump administration may consider extending the current 90-day tariff pause beyond July 9 for the U.S.'s top trading partners. This extension, however, is contingent on the partners' "good faith" in ongoing trade negotiations.
US Treasury chief says extension of tariff relief possible for some
WASHINGTON, United States — US Treasury Secretary Scott Bessent said Wednesday that an extended pause on higher tariff rates is possible for some countries, as a deadline approaches for dozens of economies to face steeper levies. “It will be up to President (Donald) Trump, but it is my belief that if someone is negotiating in
Kyodo News+
Japan TodayBessent says 90-day tariff pause could be extended for key partners
The United States could extend a 90-day pause on the implementation of steep tariffs on goods from its major trading partners if they continue to negotiate "in good faith," U.S. Treasury Secretary Scott Bessent said Wednesday.
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