US-China Tariff Truce Extension Hinges on Trump's Approval

Summary
- US and China conclude "constructive" trade talks.
- Both sides agree to work on extending the 90-day tariff truce.
- US Treasury Secretary states extension depends on President Trump's decision.
- Current truce set to expire next month, risking renewed tariff disputes.
Overall Sentiment: ⚪ Neutral
AI Explanation
High-level trade talks between the US and China concluded with both sides deeming them "constructive" and agreeing to continue efforts to extend a 90-day tariff truce. While China's negotiator indicated a mutual desire to preserve the truce, US Treasury Secretary Scott Bessent stated that any extension ultimately rests on President Donald Trump's decision. These negotiations occurred as the current truce, established in May, is due to expire next month, potentially reintroducing tariff escalations. President Trump confirmed he had been briefed on the meeting and would receive a further briefing, indicating his involvement in the final decision.
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