US and China officials meet in Stockholm to discuss how to ease trade tensions
- In Stockholm recently, U.S. and Chinese trade officials launched new talks aiming to extend their tariff pause set to expire on August 12.
- With the July 30 deadline looming, dozens of trading partners risk tariff hikes if they fail to strike deals, according to analysts.
- Participants note this is the third round of talks this year, nearly four months after President Donald Trump’s proposed 145% import tax, with current tariffs at 145%.
- According to analysts, the Stockholm talks will continue at 30%, and the U.S.-China Business Council said `What's more important is the atmosphere coming out`.
- Looking toward a summit, observers say the meeting could set the stage for a Trump-Xi Jinping summit later this year, with Emily Benson noting `a fairly significant shift in administration thinking on China since particularly the London talks`.
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Efforts to make sense of the many ongoing tariff negotiations with the US as the August 1 "deadline" approaches are getting…
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.
Top Chinese, US trade officials huddle in Sweden for second day of thorny talks over tariffs
STOCKHOLM (AP) — Chinese and U.S. trade officials arrived for a second day of meetings in the Swedish capital Tuesday to try to break a logjam over tariffs that have skewed the pivotal commercial ties between the world’s two largest economies. U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng made no public comments to reporters after the first day of talks that lasted nearly five hours behind closed doors at the Swedish p…
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