US Edition
US and China officials meet in Stockholm to discuss how to ease trade tensions
STOCKHOLM, SWEDEN, JUL 29 – US and China aim to maintain current tariff levels and address trade issues including fentanyl-related tariffs amid ongoing negotiations to prevent escalation, with a $295.5 billion US trade deficit last year.
- On Monday, three days of trade talks began in Stockholm between U.S. and Chinese delegations, with officials meeting for over five hours to discuss extending a fragile trade pause.
- With the U.S.-China 90-day tariff pause set to expire on Aug. 12, U.S. Treasury Secretary Scott Bessent prioritizes extending the deadline to prevent tariffs from snapping back to 145% and 125%.
- Greer said 'don't expect some kind of enormous breakthrough today,' and added 'The Chinese have been very pragmatic,' on social media late Monday.
- Trade analysts said at minimum the talks should yield another 90-day extension of current tariff levels far below triple-digit rates and warned that global supply chains could face turmoil from duties exceeding 100%.
- Planning for a Trump-Xi summit in late October or early November hinges on extending the pause, analysts said, to facilitate potential meetings.
350 Articles
350 Articles
The US and China continued their talks on the settlement of the customs dispute in Stockholm.
U.S. and Chinese officials began a second day of talks in Stockholm on Tuesday aimed at resolving long-running economic disputes and stepping back from an escalating trade war between the world's two largest economies. Specifically, the deal is aimed at reaching a deal on tariffs that has already been reached with the United States by Japan, the European Union and the United Kingdom.
Associated Press News
US and China agree to work on extending the tariff pause deadline in trade talks in Stockholm
Beijing's top trade official says China and the United States have agreed to work on extending a deadline for new tariffs on each other after two days of trade talks in Stockholm.
On Monday in Stockholm, Chinese and American delegations completed the first day of a new round of negotiations, which was scheduled to continue on Tuesday, and both sides are seeking to extend the tariff truce reached in Geneva in May.
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