U.S. Treasury Secretary Scott Bessent said the current tariff arrangement with China is “working pretty well,” indicating the Biden administration is content to maintain the status quo after Washington and Beijing agreed last week to extend their tariff truce by 90 days, pushing the deadline to November. In an interview with Fox News, Bessent noted that China remains the largest contributor to U.S. tariff revenue and described recent talks with Chinese officials as “very good,” adding that additional meetings are likely before the truce expires. Chinese Foreign Ministry spokesperson Mao Ning welcomed the remarks, urging Washington to use existing economic-and-trade consultation mechanisms to seek “positive outcomes on the basis of equality, respect and mutual benefit.” The extension forestalled the re-imposition of triple-digit tariffs on hundreds of billions of dollars in goods, calming markets that had braced for a renewed escalation. Nonetheless, U.S. farm groups warn that protracted uncertainty is hurting export orders, and the administration is weighing tighter scrutiny of Chinese metal and mineral imports under forced-labor rules—measures that could rekindle tensions even as both sides try to keep talks on track.