
The potential extension of the tariff pause between the United States and China is contingent on President Donald Trump‘s approval, according to U.S. negotiators.
What Happened: U.S. Treasury Secretary Scott Bessent stated on Tuesday that President Trump holds the ultimate authority over the trade deals and the impending tariff truce, CNBC reported. This announcement came after high-level trade officials from both countries concluded discussions in Stockholm, Sweden, marking their third round of negotiations since May.