Wrapping up two days of US-China trade talks in Stockholm, Bessent said he also expressed US displeasure at China's continued purchases of sanctioned Iranian oil, and its sales of over $15 billion worth of dual-use technology goods to Russia that have bolstered Moscow's war against Ukraine.

U.S. Treasury Secretary Scott Bessent on Tuesday said he warned Chinese officials that continued purchases of sanctioned Russian oil would lead to big tariffs due to legislation in Congress, but was told that Beijing would protect its energy sovereignty.

US Treasury Secretary Scott Bessent says, “nothing is agreed until we speak with President Trump,” and “he’ll decide if the pause continues as is.” Bessent and US Trade Representative Jamieson Greer address reporters about the possible extension of a tariff truce with China in Stockholm on Tuesday.