U.S. Treasury Secretary Scott Bessent testifies earlier the House Ways and Means Committee successful the Rayburn House Office Building successful Washington, D.C., connected June 11, 2025.
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Treasury Secretary Scott Bessent signaled the Trump administration's openness connected Wednesday to widen President Donald Trump's existent 90-day tariff pause beyond July 9 for the U.S.' apical trading partners, arsenic agelong arsenic they amusement "good faith" successful ongoing commercialized negotiations.
The U.S. has 18 "important trading partners," Bessent said astatine a proceeding earlier the House Ways and Means Committee successful Washington. The Trump administration, helium said, is "working toward deals" with those countries.
"It is highly likely," said Bessent, that for those countries and trading blocs, similar the European Union, "who are negotiating successful bully faith," the U.S. would "roll the day guardant to proceed bully religion negotiations."
"If idiosyncratic is not negotiating, past we volition not," helium told the House's taxation penning committee.
Until now, Trump medication officials person not suggested that they are unfastened to moving backmost the 90-day tariff intermission without astatine slightest "terms of an agreement" earlier the intermission expires.
Bessent's remarks bespeak that the Trump medication mightiness beryllium much inclined to displacement the self-imposed deadline arsenic it gets closer.
President Donald Trump's 90-day intermission connected reciprocal tariffs, announced connected April 9, is acceptable to extremity successful little than a month.
Trump officials person repeatedly said they are adjacent to inking commercialized deals with fractional a twelve countries. But truthful far, the White House has lone announced a ceremonial commercialized statement with the U.K. and a model statement with China.
The U.S.- China deal was announced earlier connected Wednesday, but the afloat details of the statement were unclear.
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