Treasury Secretary Scott Bessent implored US trading partners Wednesday not to “panic” if they don’t agree to economic deals before President Trump’s

President Donald Trump will make his trade deal decisions this week even as separate negotiations with China and the European Union continue, U.S. Commerce chief Howard Lutnick said on Tuesday ahead of Trump's self-imposed Aug.

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. 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.

China has rejected U.S. warnings of steep tariffs over its continued purchases of Russian oil, calling such pressure ineffective. The U.S. cited upcoming legislation enabling tariffs up to 500%, as part of a broader push to cut Moscow's war funding.

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