US mulls extending tariffs on trade talks

U.S. Treasury Secretary Janet Yellen indicated a potential extension of the current 90-day tariff suspension beyond July 9th, contingent on significant progress made in trade negotiations with major partners. During a House Ways and Means Committee hearing, Yellen stated that the U.S. is actively engaging with 18 key trading entities. For those countries demonstrating good faith during talks, such as the European Union, a likely extension of the deadline for continued negotiations exists.