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China and US agree to extend tariff pauses after ‘constructive’ talks in Stockholm
STOCKHOLM, SWEDEN, JUL 29 – Both countries agreed to maintain current tariffs of 30% on Chinese goods and 10% on U.S. products, extending the pause to avoid the August 12 deadline.
- Representatives from China and the United States met over two days in Stockholm on July 28-29 to discuss and address ongoing tariff disagreements between the two nations.
- The talks followed months of rising tensions after President Trump announced 'Liberation Day' tariffs in April and aimed to break a tariff logjam.
- During discussions, officials covered issues like market access, Chinese investment in the U.S., and concerns over fentanyl components and dual-use technology.
- China’s chief trade representative Li Chenggang characterized the discussions as open and productive, with both parties agreeing to uphold the existing tariff rates—30% imposed by the U.S. on imports from China and 10% levied by China on American goods.
- The agreement to extend the tariff pause beyond the August 12 deadline suggests ongoing efforts to stabilize trade relations and possible future negotiations or a summit later this year.
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80 Articles
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