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Treasury Secretary Scott Bessent indicated the Trump administration may extend the 90-day tariff pause beyond July 9 for key trading partners demonstrating good faith in ongoing negotiations. Bessent stated the administration is aiming for deals with 18 partners and that extending the pause is highly likely for those negotiating earnestly. While officials previously hinted at needing preliminary agreements before an extension, Bessent's comments suggest a potential shift in approach as the deadline nears. A US-China framework agreement was announced, though details remain scarce.

Prepared by Christopher Adams and reviewed by editorial team.