U.S. Trade Representative Jamieson Greer said that trade negotiations with China are going well and that President Trump may extend a 90-day pause in tariffs on many Chinese goods that will expire Aug. 12.
“That’s what’s under discussion right now,” Mr. Greer said Sunday on CBS’s “Face the Nation.” “I would say that our conversations with the Chinese have been very positive.” China is the top supplier of U.S.-imported goods.
Mr. Greer and other U.S. trade officials met with their Chinese counterparts in Stockholm this week, where part of their conversations focused on rare earth magnets and minerals.
“China has put a global control on the world,” he said. “And so for the United States, we’re focused on making sure that the flow of magnets from China to the United States and adjacent supply chain can flow as freely as it did before the control. And I’d say we’re about halfway there.”
Mr. Greer said the Chinese want to extend the tariff pause while talks continue, and the U.S. is entertaining that suggestion.
“We’re working on some technical issues, and we’re talking to the president about it,” he said. “I think it’s going in a positive direction. I’m not going to get ahead of the president, but I don’t think anyone wants to see those tariffs snap back to 84%.”