Treasury Secretary Scott Bessent participated in trade negotiations with China in May that resulted in a deal to temporarily ease up on strict tariffs imposed in April for 90 days.

US President Donald Trump has extended the trade truce with China for another three months, delaying tariff hikes and export controls until November 10, 2025. The move could pave the way for a high-profile Trump–Xi summit later this year,

US President Donald Trump on Monday signed an executive order extending a trade truce with China for another three months, averting the immediate threat of escalating tariffs and export controls that have rattled global markets.