US, China hold new talks on tariff truce, easing path for Trump-Xi meeting

Top U.S. and Chinese economic officials held over five hours of talks in Stockholm on Monday, aiming to resolve key trade disputes and extend a temporary truce by three months. U.S. Treasury Chief Scott Bessent led the American delegation, while Chinese Vice Premier He Lifeng also attended, with discussions taking place at Rosenbad, the Swedish Prime Minister’s office.

The talks come ahead of an August 12 deadline to finalise a tariff deal with President Donald Trump’s administration. Previous preliminary agreements were reached in May and June, easing weeks of escalating tariffs and strained trade relations, including threats to restrict rare earth exports.

via Reuters

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