U.S. Finance Minister Scott Immentin said that he warned Chinese officials that the continuation of the purchases of Russian oil oil could lead to tariffs.
It is reported by Reuters.
He explained that the bill allows Dornald Trump to charge tariffs up to 500% of countries that buy Russian oil sanctions. It can also encourage us to take such steps to reduce Russian energy revenues.
The United States and China agreed to continue negotiations on the preservation of the customs truce, which ends on August 12, 2025. The Minister of Finance, the defect said that the final decision on the continuation was made by President Trump after a briefing on Wednesday, writes Bloomberg.
The defect, who, together with the merchant representative of Jamison, headed the US delegation in Stockholm, noted that after two days of negotiations with the vice -vault, he remained “technical details” for processing.
The Chinese negotiator Lee Changan confirmed that both sides seek to maintain a truce, calling the discussions directly and deeply.
Negotiations, in less than three months, are aimed at avoiding high duties that threaten bilateral trade between the world’s largest economy.
The defect proposed a continuation of the truce for another 90 days as one of the options.
Against the backdrop of the US agreements with Japan and the EU, China resumed the export of rare -earth metals, which Graer called the main concession of Beijing.
The United States insist on guarantees for the supply of critical materials, such as magnets, to focus on other priorities.
China is interested in the US investigation in article 232 about copper, semiconductors and pharmaceuticals that provide global duties without exception.
Beijing also seeks to reduce 20% of the responsibilities imposed on fees for the supply of chemicals for fentanyl.
Trade voltage is growing from competition in key sectors, including batteries and artificial intelligence technologies.
China uses its dominance in rare -earth minerals to obtain concessions from the United States for advanced microchips.
Against the background of negotiations, other economies are in a hurry to conclude agreements with Trump by August 1, when it threatens to introduce mutual import taxes.
Source: Racurs
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