U.S. Treasury Secretary Scott Bessent said the current trade arrangement with China is “working pretty well,” signaling that Washington is content to keep the recently extended tariff truce in place. In an interview broadcast late Tuesday on Fox News, Bessent noted that China remains the single largest contributor to U.S. tariff revenue and described bilateral discussions as productive. The Treasury chief’s remarks come days after the United States and China prolonged their tariff cease-fire by 90 days, pushing the deadline to November. The extension forestalls the re-imposition of triple-digit duties that both sides threatened earlier this year, allowing negotiators additional time to seek a longer-term accord. Bessent added that further meetings with Chinese officials are likely before the November deadline and reiterated that the administration has no immediate plans to levy additional tariffs. Washington has also been urging Beijing to curb purchases of Russian oil, but Bessent suggested any decision on punitive measures would hinge on the progress of broader diplomatic talks.