Pisent says the deadline for the Chinese tariff is likely to extend

Treasury Secretary, Scott Payette, said on Tuesday that it is likely to excel along the president Donald TrumpThe next deadline for trade with China when he meets his Chinese counterparts in Stockholm, Sweden, next week.

In mid -May, the two sides agreed to a 90 -day suspension for most heavy tariffs on each other’s commodities while they continued for commercial negotiations. This comment was appointed to its expiration on August 12.

“We will likely work most likely during talks in Stockholm on Monday and Tuesday,” Pesin said in an interview with Fox in an interview with Fox Business.

“I think trade is very good with China,” he said.

Pesin said he hoped that the talks will address other areas of the potential agreement, including obtaining Beijing to slow down “the abundance of manufacturing they are doing and focus on building the consumer economy.”

The United States also wants to discuss “Russian and Iranian oil that is punished for them to buy there, and what they do to help Russia and the Ukraine war.”

“So I think we have already moved to a new level with China, as it is very based,” he said. “We will be able to accomplish a lot of things, and now that the trade has settled at a good level.”

This apparent progress follows multiple rounds of discussions that have witnessed that the United States and China are definitions at the siege level that threatened to lift two of the best trade partners in the world.

In April, Trump escalated the customs tariff on Chinese goods to a 145 % effective blanket, as Beijing became the highest goal of the efforts of the new American administration to reformulate the global trade scene through the use of import duties against its economic partners.

China had averaged by 125 % of the customs tariff for American imports.

The two sides agreed to reduce the tariff rates for each of them by 115 % after a first round of talks in Geneva, Switzerland, in May.

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