Reported 15 days ago
US Treasury Secretary Scott Bessent suggested a potential extension of the pause on import duties for Chinese goods if China stops its planned export controls on rare earths. The US and China have implemented temporary truces but tensions escalated due to new tech restrictions and proposed tariffs. Economists view the actions as strategic posturing ahead of a crucial leaders’ meeting. Meanwhile, President Trump indicated the US is already in a trade war and has threatened additional tariffs.
Source: YAHOO