U.S. Treasury Secretary Scott Bessent on Tuesday said he warned Chinese officials that continued purchases of sanctioned Russian oil would lead to big tariffs due to legislation in Congress, but was told that Beijing would protect its energy sovereignty.

We have ... nothing ... agreed until we speak with President Trump,' says Scott Bessent in response to Chinese remarks on extended tariff pause - Anadolu Ajansı

US Treasury Secretary Scott Bessent says, “nothing is agreed until we speak with President Trump,” and “he’ll decide if the pause continues as is.” Bessent and US Trade Representative Jamieson Greer address reporters about the possible extension of a tariff truce with China in Stockholm on Tuesday.

A deadlock on key issues including export restrictions and China’s purchases of Russian oil could reignite a tit-for-tat trade war.

The U.S. and China had agreed to pause most of the sky-high tariffs on each others' goods amid trade negotiations – but that pause is set to expire in August.

U.S. and Chinese officials agreed to seek an extension of their 90-day tariff truce on Tuesday, following two days of what both sides described as constructive talks in Stockholm aimed at defusing an escalating trade war between the world's two biggest economies that threatens global growth.