USTR Jamieson Greer says:
- Confirms verification of London framework.
- Is to make sure magnets are flowing.
- Is discussing details on tariff pause with China
- 90-day extension is one option for Trump to approve
From Bessent:
- Will see Trump on China tariff pause tomorrow
- Some technical details remain on China tariff pause.
- Trump will have final say on whether August 12 deadline is extended.
- If Trump does not approve tariff pause extension, tariffs on Chinese goods would boomerang back to April 2 levels, or another level that he chooses
So the comments from US officials are a little less assuring that the tariffs will remain on pause.
This article was written by Greg Michalowski at investinglive.com.
