US proposes extension of tariff pause - Deadline change may come for countries negotiating "in good faith"
United States Treasury Secretary Scott Bessent signaled the Trump administration's willingness to extend the current 90-day tariff pause beyond July 9 for major trading partners.
The US has 18 "significant trading partners," Bessent said at a hearing in Washington. According to him, the Trump administration is "working to reach agreements" with those countries.
"It is very likely that for those countries and trading blocs, like the European Union, that are negotiating in good faith, the US will "push back the date to continue negotiations. If someone is not negotiating, then neither will we," Bessent said.
Until now, Trump administration officials had not expressed a willingness to move the 90-day tariff suspension without reaching at least “the terms of an agreement” before the deadline. Bessent’s comments suggest the administration may be more willing to change the self-imposed deadline as the moment approaches.
President Donald Trump's 90-day pause on reciprocal tariffs, announced on April 9, will end in less than a month.
Trump officials have repeatedly said they are close to signing trade deals with many countries. But so far, the White House has only announced a formal trade agreement with the United Kingdom and a framework agreement with China.
The US-China pact was announced on Wednesday, but the full details are still unclear.
Central Archive for Military Documentation - Government Decision, will offer documents up to 115 years old
The Council of Ministers has approved the decision to create the Central Archive in operation for the technical documentation of the special typology of......
Foreign exchange market in the 'red' – Major currencies weaken again against the Lek!
The European currency has again experienced a slight decrease in value this morning, being bought today at 97.6 lekë and being sold at 98.3 lekë compared to......
EIB triples support for defense - Bank to finance €3 billion to ensure EU security
The European Investment Bank has tripled a scheme to help finance the bloc's defense industry to 3 billion euros. The EU's lending arm has signed a deal with......
“Made in Albania” equipment for the Armed Forces - Government approves joint venture for the production of motor vehicles
The Council of Ministers has approved the terms of negotiation between the state-owned company "KAYO", sh.a., and a private commercial company, for the......
"AI" drives energy consumption to record levels - Data centers will significantly increase demand in the US
Data centers, which require a lot of energy to power artificial intelligence and cryptocurrencies, will push electricity consumption in the US to record......
WB lowers global growth forecasts - Reason, trade barriers and political uncertainty
The World Bank lowered its global economic growth forecasts, citing high trade tensions and political uncertainty as key factors. The unrest resulted in......
Italy, Euro 5 diesel cars "retire" - Some regions will limit their circulation to reduce emissions
From next October 1, diesel cars that meet the Euro 5 standard will no longer be able to circulate freely in Lombardy, Piedmont, Veneto and Emilia-Romagna,......
We surpass the EU in energy from hydropower plants - OECD report: Albania, the lowest carbon emissions intensity
Albania not only leads the region in terms of approximation and implementation of legislation with the European Union on chapters related to the Green......
