US-China Trade Negotiations - Treasury Secretary suggests the Trump administration is willing to extend the deadline for trade negotiations if progress is being made [2][3][4] - The definition of "good faith" negotiations remains subjective and the specifics of any deadline extension are unclear [3][4] Semiconductor and Rare Earths - The Treasury Secretary denies any quid pro quo arrangement involving chips for rare earths [6] - The administration is not explicitly ruling out the possibility of lowering export standards for sophisticated chips [6] - There is no current deal in place to ease restrictions on selling chips to the Chinese government [7]