The United States and China are set to resume trade negotiations today, following a lengthy meeting between top economic officials from both countries in Stockholm on Monday. The talks, lasting over five hours, were aimed at resolving ongoing disputes and extending their trade truce by an additional three months. U.S. Treasury Chief Scott Bessent and China's Vice Premier He Lifeng spearheaded the discussions, which took place at Sweden's Rosenbad government offices.
This meeting precedes the critical August 12 deadline, by which a permanent tariff agreement with the Trump administration needs to be finalized. Previous arrangements in May and June had temporarily eased tensions, but without a new resolution, global supply chains might face significant disruptions. Specifically, U.S. tariffs could revert to exceedingly high levels, effectively instituting a trade embargo.
While an immediate and comprehensive breakthrough is unlikely, according to U.S. Trade Representative Jamieson Greer, who also participated in the discussions, the negotiators departed the venue without offering remarks, and discussions are anticipated to extend into Tuesday.
