US Treasury Secretary Bessent: US–China Trade Truce Can Be Extended, but Washington Not Rushing November Deadline U.S. and China will initially identify $30 billion of non-critical goods that could face reduced or no tariffs under a Board of Trade protocol U.S.–China…
nsultations on AI guardrails to prevent proliferation of powerful models likely to begin in the next four to eight weeks Meeting planned with Chinese Vice Premier He Lifeng before Xi’s September White House visit to work through more trade details China understands Section 301 investigations could bring U.S. tariffs back to levels seen before the Supreme Court decision annulling some duties New Section 301 tariffs will not be a problem for China as long as they do not exceed levels agreed last November U.S.–China Board of Investment protocol will seek to identify deals that avoid CFIUS reviews, or investments the U.S. is not ready to consider U.S.–China truce on critical minerals and tariff rates can be extended through further meetings this year Trump administration is not in a hurry to extend the China trade truce due to expire in November| FJ