US, China to launch new talks on tariff truce extension
High -level US and Chinese economic officials will continue to negotiate in Stockholm to try to cope with long -term economic disputes at the center of a trade war between the two best economies in the world, which aims to extend a ceasefire for three months and to keep the higher tariffs away from a ceasefire.
China, Beijing and Washington are faced with the deadline for reaching a durable tariff agreement with President Donald Trump’s management to end a cutting of Tat-Tit tariffs and rare land minerals in May and June.
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.
Stockholm talks, Trump’s biggest trade agreement, together with the European Union, is hot for a 15 percent tariff in export of most EU goods, including cars. The block will also buy $ 750 billion American energy and will make US investments of $ 600 billion in the coming years.
A similar breakthrough is not expected in the US-China talks, but trade analysts said a 90-day extension of a tariff and export control ceasefire in mid-May.
An extension of this length will prevent further rise and facilitate a potential meeting planning between Trump and Chinese President Xi Jinping at the end of October or early November.
A US Treasury spokesman, anonymous sources in the South China Morning Mail Report, the two sides will avoid introducing new tariffs or other steps that can increase the trade war of 90 days, he said.
Trump’s management is preparing to implement new sectoral tariffs that will affect China over weeks, including semiconductors, drugs, cranes and other products.
“We are very close to an agreement with China. We really made an agreement with China, but we will see how it went,” he said.
In May and June, the previous US-China trade talks in Geneva and London focused on reducing US and China retaliation tariffs from three digit levels, and reclaiming the flow of rare soil minerals stopped by China and Nvidia’s H20 AI chips and other goods stopped by the United States.
Until now, negotiations have not entered into wider economic issues. It includes complaints that the United States, led by China’s state -based export -based model, keeps world markets with cheap goods and national security export controls on Beijing’s technology goods are trying to prevent China’s growth.
“Geneva and London were about to try to put the relationship back in order to negotiate the dispute between countries in the first place, at the first stage, Sc said Scott Kennedy, the Chinese economy expert at the Washington Center for Strategic and International Research Center.
“I would be surprised if some of them have an early harvest, but an extension of the ceasefire more than 90 days seems to be the most likely result.”
US Treasury Secretary Scott Bessent and China will lead the delegations at He LiFeng Stockholm. Bessent has already marked a limited extension of the deadline and said that he wanted China’s economy to re-balance more domestic consumption than exports-a target for decades for policy makers with the US.
The background of the talks has speculation about a possible meeting between Trump and XI in late October.
Trump said he would soon decide on a turning point to China, and a new exacerbation of tariffs and export controls would probably remove the planning.
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