US EditionChina 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.
- During two-day talks in Stockholm, China and the US agreed to extend their tariff pauses, with discussions spanning microeconomic issues and potential future summit plans.
- Previously in May in Geneva, officials agreed to a 90-day tariff pause set to end on Aug 12, aiming to ease the ongoing trade dispute.
- Through candid talks, Li noted negotiators agreed to maintain US and Chinese tariffs at current levels while discussing extending the tariff pause.
- Advocating extension of the tariff pause, He Lifeng said both sides will push to extend the pause on a segment of reciprocal US tariffs, with President Trump suggesting an extension.
- This year could bring a summit between President Trump and Chinese President Xi Jinping, with talks also covering market access, investment, fentanyl, oil, and tech exports.
74 Articles
74 Articles
US and China agree to work on extending tariff pause deadline in trade talks in Stockholm
STOCKHOLM — The United States and China have agreed to work on extending a deadline for new tariffs on each other after two days of trade talks in Stockholm concluded on Tuesday, according to Beijing’...
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The latest round of talks opened Monday and concluded Tuesday in Stockholm to try to break a logjam over tariffs that have skewed the pivotal commercial ties between the world's two largest economies.
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Asian markets were mixed Wednesday as investors kept tabs on China-US developments after they agreed to further talks to extend their trade truce, while eyes were also on tech earnings and a key Federal Reserve meeting.
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