Bessent Seeks to Ease Market Worry on China Tariff Deadline (1)

Treasury Secretary Scott Bessent suggested the deadline for a US-China tariff truce slated to end next month is flexible, saying that talks between the world’s largest economies are in a “very good place” ahead of an expected meeting in coming weeks.

“I tell market participants not to worry about Aug. 12,” Bessent said Tuesday on “Bloomberg Surveillance,” referring to the end of a 90-day reprieve that was announced May 12.

The remarks may ease investor concern that commerce between the two nations faces further disruption if tariffs return to their damaging pre-truce levels in less than a month. Bessent’s perceived ...