U.S. and Chinese trade officials plan to meet again in the coming months to discuss their economic relationship, as the two countries extended a tariff truce for 90 days.
Treasury Secretary Scott Bessent announced on Tuesday that U.S. trade representatives will reconvene with their Chinese counterparts within the next two to three months to discuss the future of bilateral economic ties. This follows the recent extension of a 90-day tariff truce, preventing the implementation of higher tariffs on goods traded between the two nations.
In an interview Bessent also said Chinese President Xi Jinping had invited Trump to a meeting.
"There's no date," Bessent said. "The president hasn't accepted yet."
Earlier, Trump expressed optimism about reaching a trade deal and suggested a meeting with Xi could happen before the year’s end if an agreement is finalised.
Despite progress in talks, Bessent emphasized the need for sustained efforts spanning months or longer to curb fentanyl precursor flows from China before the U.S. will consider lowering tariffs.
The U.S. accuses China of not adequately addressing the fentanyl crisis, which has fueled overdose deaths, while China denies these allegations and accuses the U.S. of using the issue for leverage.
Since February, the U.S. has maintained tariffs on Chinese imports related to these concerns, alongside a base tariff increase imposed earlier.
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Ukraine’s President Volodymyr Zelenskyy has approved new sanctions targeting Russian maritime operators, defence-linked companies and individuals connected to Moscow’s military and energy sectors, according to official decrees issued on Saturday.
Divers have recovered the bodies of seven Chinese tourists and a Russian driver after their minibus broke through the ice of Lake Baikal in Russia, authorities said.
A technical fault in the helium system of NASA’s next-generation moon rocket was announced on Saturday, ruling out the planned March launch window for the Artemis II mission.
President Donald Trump said on Saturday (21 February) that he will raise temporary tariffs on nearly all U.S. imports from 10% to 15%, the maximum allowed under the law, after the Supreme Court struck down his previous tariff program.
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