The Trump administration is “highly likely” to extend next month’s deadline for countries to agree one-for-one trade deals — so long as they are engaged in “good-faith negotiations,” Treasury Secretary Scott Bessent told lawmakers Wednesday.

The treasury secretary's remarks indicate the Trump administration might be more inclined to shift the self-imposed deadline as it gets closer.

Treasury Secretary Scott Bessent on Thursday declined to give clarity on the timeline for U.S. tariffs on China. In May, the U.S. and China agreed to a 90-day pause on sky-high tariffs, giving them months to negotiate a broader trade deal before levies up to 145% could be reimposed.

As the trade standoff with China continues, President Trump announced the tariff on foreign steel will double from 25% to 50%.

Shortly after President Donald Trump returned to the White House in January, he launched a tariff war against China, as part of a broader implementation of import taxes on goods from several dozen countries as Trump seeks to reset the foundations of global trade.

Republican congressmen groaned at Democrat California Rep. Linda Sanchez on Wednesday after accusing Treasury Secretary Scott Bessent of interrupting her

Rep. Linda Sánchez of California and Treasury Secretary Scott Bessent sparred over President Trump's tariff policy at a House hearing on the department's budget request. Sánchez questioned whether the Trump administration negotiated a good trade deal with China.

Treasury Secretary Scott Bessent said he believes President Trump and Chinese President Xi Jinping will speak soon, after Mr. Trump said China violated its trade agreement with the U.S.

Treasury Secretary Scott Bessent has suggested that the Trump administration may consider extending the current 90-day tariff pause beyond July 9 for the U.S.'s top trading partners. This extension, however,

The Trump administration's trade policy remains a source of uncertainty, highlighted by U.S. Treasury Secretary Scott Bessent's recent comments on a 'stalemate' in negotiations with China.

Treasury Secretary Scott Bessent said Wednesday that the U.S. might extend a 90-day pause on reciprocal tariffs for trading partners the administration views as negotiating in good faith. "I would say as I have repeatedly said that there 18 important trading partners,

The US and China agreed to a framework and implementation plan to ease trade tensions on Tuesday. “We have reached a framework to implement the Geneva consensus,” US Commerce Secretary Howard Lutnick said.