Bessent Says China Tariff Truce Could Be Extended

Geopolitical & Economic Strategy - The US aims to assist China, not harm it, but will respond to economic coercion, viewing the situation as "China versus the world" [1] - China's export controls are deemed unacceptable globally, with the US and its allies resisting being commanded or controlled by China's state economy [2] - The US perceives a risk in depending on China for rare earths and other resources, highlighted by China's actions and its relationship with Russia [5] Trade & Supply Chain Concerns - There are concerns about the reliability of China in the global supply chain, citing potential untrustworthiness [4] - Auto companies reported a slowdown in markets, potentially linked to actions by China [3] - The US is considering a longer-term tariff roll in exchange for a delay, subject to negotiations before a leaders' meeting in Korea [5][6] International Cooperation - The US emphasizes the need for allies to work together, particularly in light of China's actions [4] - Meetings are planned during the World Bank IMF week to address these issues [5]