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Strategies & Market Trends : World Outlook

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To: Les H who wrote (48285)	10/15/2025 2:08:02 PM
From: Les H	Read Replies (1) of 48794

Bessent floats longer tariff truce for China rare earth delay Daniel Flatley, October 15, 2025 Washington \| Treasury Secretary Scott Bessent proposed a longer pause on high US tariffs on Chinese goods in return for Beijing putting off its recently announced plan to tighten limits on critical rare earths. Since earlier this year, the US and China have agreed to 90-day truces on import duties of as high as 145 per cent, with the next deadline looming in November. Now, the Trump administration’s focus is halting the Chinese plan for strict new export controls on rare-earth elements, in part by dangling incentives for the government to drop it and threatening sharp penalties if it doesn’t. “Is it possible that we could go to a longer roll in return? Perhaps. But all that’s going to be negotiated in the coming weeks,” Bessent said on Wednesday (Thursday AEDT) during a press conference in Washington. US Trade Representative Jamieson Greer cast doubt that Beijing would go ahead with the plan, which he said would choke off trade in a wide variety of consumer products that contain even a trace of rare earths. “The scope and the scale is just unimaginable, and it cannot be implemented,” Greer said. afr.com

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