US, China hold new talks on tariff truce in Sweden
High -level United States and Chinese economic officials continued negotiations at Stockholm to solve long -term economic disputes at the center of a trade war between the two best economies in the world, and aimed to extend a ceasefire for three months.
US Treasury Chief Scott Bessent was part of a negotiating team on Monday afternoon to Swedish Prime Minister Rosenbad in Stockholm.
China’s vice president HE LiFeng was also seen in video shootings.
After reaching the preliminary agreements until the end of the weeks of China and the United States’s interruption of rare tariffs and rare soil minerals in May and June, the US President Donald Trump faced a deadline dated 12 August to reach a durable tariff agreement.
Trump negotiated at a comprehensive press conference with British Prime Minister Keir Starmer in Scotland.
“I would like to see that China has opened their countries.
Without an agreement, global supply chains may encounter the renewed turmoil from US duties that have returned to three -digit levels that will mean the bilateral trade embargo.
US Trade Representative Jamieson Greer said he did not expect a kind of enormous breakthrough today, “today he participated in the talks at Stockholm.
CNBC’ye told, “I expect, to continue to monitor and control the implementation of our agreement so far, to make sure that important critical minerals flow between the parties and determine the basis of advanced trade and balanced trade,” he said.
Stockholm talks follow Trump’s largest trade agreement with the European Union on Sunday.
Trade analysts, in mid -May, a 90 -day tariff and export control ceasefire between China and the United States, he said.
A extension will facilitate a potential meeting planning between Trump and Chinese President Xi Jinping at the end of October or in early November.
The Financial Times said on Monday that the US paused the sidewalks to China in order to eliminate the US trade talks with Chinese authorities and to support Trump’s efforts to hold a meeting with the XI this year.
In May and June, the previous US-China trade talks in Geneva and London focused on reducing the US and China retaliation tariffs from three digit levels and reclaiming the flow of rare land minerals stopped by China and Nvidia’s H20 AI chips and the flow of other goods stopped by the United States.
Until now, negotiations have not entered into wider economic issues.
It includes complaints that the US’s state -led, export -based model, which is based on China, is inundated by cheap goods, and that the US’s national security export controls are trying to stunt Chinese growth on technology goods.
Australian Associated Press is a beating heart of Australian news. AAP has been the only independent national Newswire of Australia and has been providing reliable and fast news content to the media industry, the government and the corporate sector for 85 years. We inform Australia.
