As reported by Bloomberg, United States Treasury Secretary Steven Mnuchin stated on the 15th that the deadline for the tariff truce between the US and China is flexible and should not be a cause for concern among market participants. Mnuchin emphasized that the current negotiations between the two countries are proceeding smoothly, with further talks anticipated in the upcoming weeks. He specifically noted that the August 12 deadline does not warrant undue attention. Recall that on May 12, the US and China had announced a 90-day suspension of additional tariffs on each other's goods.