EXCLUSIVE-US not in a hurry to extend China trade truce, Bessent says

The Trump administration is “not in a rush” to extend a tariff and critical minerals trade truce with China that ends in November, as there is time to renew it in meetings later this year, U.S. Treasury Secretary Scott Bessent said on Tuesday. In his first interview since attending last week’s high-stakes summit between Chinese President Xi Jinping ?in Beijing, Bessent said that he believes China will accept the restoration of prior U.S. tariff rates through new Section 301 duties, as long as they don’t go higher. China in recent months had “gotten a deal” on lower tariffs as a…