Senior U.S. and Chinese officials met in Stockholm on Monday for over five hours of negotiations aimed at extending the current tariff truce by another 90 days.
- The talks, held at the Swedish prime minister’s office, involved U.S. Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng leading their respective sides.
- Both are working to resolve key trade and technology disputes, with China seeking relief from U.S. tariffs and curbs on tech exports.
The talks are set to continue Tuesday, with analysts suggesting a potential Trump–Xi summit could help ease tensions. The two countries face an August 12 deadline to finalise a longer-term agreement following preliminary deals struck in May and June.
Negotiators left Monday’s session without comment.
On the basis that ‘no news is good news’ I still expect the truce to extend for another quarter.
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I posted some background to these talks on Monday, here: U.S. and China will meet in Stockholm on Monday, 90 day extension expected:
- No major breakthrough is expected from the China talks, but a 90-day extension of the current truce (originally agreed in mid-May) is widely expected. The extension would likely prevent tariff escalation and pave the way for a potential Trump–Xi summit in late October or early November.
That post followed the breaking news posted to investingLive over the weekend:
This article was written by Eamonn Sheridan at investinglive.com.
