US Treasury Secretary and Trump said they are willing to extend the tariff suspension period.

       On Wednesday local time, US Treasury Secretary Bessent said that the Trump administration is willing to extend the current 90-day tariff suspension period imposed on its major trading partners beyond July 9, as long as they show "good faith" in the ongoing trade negotiations. Bessent said at a hearing of the House Ways and Means Committee that the United States has 18 "important trading partners" and the Trump administration is "working hard to reach agreements with these countries." Bessent said that for countries and trading entities negotiating in good faith, such as the European Union, the United States "is very likely" to "extend the deadline to continue sincere negotiations." "If a country does not negotiate, then we will not do so," Bessent said. Meanwhile, US President Trump also said on Wednesday that he is willing to extend the deadline for trade negotiations, but he believes it is not a must. "At some point, we will send out letters asking countries to decide whether to accept or reject (the trade agreement). We will send out the letters within a week and a half." He told reporters. The above remarks by Bessent and Trump indicate that with less than a month left before the end of the 90-day tariff suspension period, the Trump administration may be more inclined to adjust the deadline it set.