According to BlockBeats, U.S. Treasury Secretary Benczkowski stated on Wednesday that as long as America's major trading partners show 'good faith' in the current negotiations, the Trump administration is willing to extend the current 90-day tariff suspension period beyond July 9. Benczkowski made these comments during a hearing held by the House Fundraising Committee in Washington, noting that the U.S. has 18 'important trading partners' with which the Trump administration is working to reach agreements. For those countries and trade groups (like the European Union) that are 'negotiating in good faith,' it is 'very likely' that the U.S. will 'extend the deadline to continue sincere negotiations. If someone is not negotiating, then we will not negotiate.'
Officials from the Trump administration have not formally stated whether they are willing to extend the tariff suspension if an 'agreement' is not reached before the suspension expires. Benczkowski's remarks suggest that as the deadline approaches, the Trump administration may be more inclined to change the self-imposed deadline.