Treasury Secretary Scott Bessent told Fox News on Tuesday that the United States has had very good talks with China regarding tariffs as the countries attempt to reach a trade deal during a 90-day pause in tariff implementation.

Notably, the U.S. and China decided to freeze most tariffs imposed since "Liberation Day" — with Washington imposing 145% tariffs on Chinese imports and Beijing imposing 125% tariffs on U.S. tariffs — for 90 days during Geneva talks on May 12. For now, the U.S. imposes 30% tariffs on Chinese imports, and China imposes 10% tariffs on U.S. imports.

The United States and China agreed to pause tariff hikes on each other’s goods for an additional 90 days, a White House official told CNN. Without the agreement, tariffs were set to immediately surge,

The United States and China have extended a tariff truce for another 90 days, staving off triple-digit duties on each other's goods as U.S. retailers get ready to ramp up inventories ahead of the critical end-of-year holiday season.

China has reported its economy showed signs of slowing in July as factory output and retail sales slowed while housing prices fell further.

TAIPEI, Taiwan (AP) — A 90-day pause on imposing higher tariffs on China is due to expire on Tuesday and it is unclear if it will be extended.

Without an agreement, the United States and China are set to once again place historic tariffs on each other’s imports starting August 12. However, speaking to reporters from Stockholm, Treasury Secretary Scott Bessent and United States Trade ...

WH trade advisor Peter Navarro termed India’s oil trade with Russia “opportunistic” and “corrosive” to global efforts being made to isolate the Russian economy.