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Treasury’s Bessent had a ‘very good’ meeting with China team, Trump says

Last updated: July 29, 2025 2:37 pm
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Treasury’s Bessent had a ‘very good’ meeting with China team, Trump says
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(Reuters) -U.S. President Donald Trump said he had just spoken with Treasury Secretary Scott Bessent who told him that he had a very good meeting with Chinese officials in Sweden on Tuesday.

“He felt very good about the meeting, better than he felt yesterday,” Trump told reporters aboard Air Force One on his way back to Washington after five days in Scotland.

U.S. and Chinese officials agreed to seek an extension of their 90-day tariff truce following two days of talks in Stockholm aimed at defusing an escalating trade war between the world’s two biggest economies.

No major breakthroughs were announced, and U.S. officials said it was up to Trump to decide whether to extend a trade truce that expires on August 12 or potentially let tariffs shoot back up to triple-digit figures.

Asked about a possible trade deal with India, another major trading partner, Trump said no deal had been finalized and noted that India had higher tariffs than nearly all other countries.

(Reporting by Nandita Bose and Andrea Shalal; Editing by Chris Reese)

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