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China and the United States have agreed to extend tariff pauses and deepen economic consultations following two days of trade talks in Stockholm, Chinese Vice Premier He Lifeng said on Tuesday.
He Lifeng met U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer for a new round of economic and trade discussions from Monday to Tuesday in the Swedish capital.
The two sides held “candid, in-depth and constructive” talks on macroeconomic policies and trade issues of mutual concern, according to China’s National Development and Reform Commission.
Both countries affirmed the implementation of agreements reached at previous meetings in Geneva and London and will work to extend by 90 days a pause on 24% of reciprocal tariffs, along with related Chinese countermeasures.
He Lifeng said that a stable and sustainable China-U.S. trade relationship “serves the development goals of both countries and contributes to global economic stability.” He urged both sides to act on the consensus reached in the 5 June phone call between the two presidents and to strengthen dialogue under the existing consultation mechanism.
The U.S. delegation said it viewed stable trade ties with China as crucial to both economies and the global economy. Washington added that it was prepared to use the consultation framework to resolve differences and achieve “more outcomes” from the dialogue.
China and the U.S. have maintained regular trade talks despite heightened tensions in other areas, with officials on both sides emphasising the need for “mutual respect and win-win cooperation.”
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
Honduras has brought back mask mandates as COVID-19 cases and a new variant surge nationwide.
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
Israel will begin immediate negotiations for the release of all hostages held in Gaza, Prime Minister Benjamin Netanyahu said Thursday, while maintaining military pressure on Gaza City.
Azerbaijan’s SOCAR will invest $7 billion in Türkiye’s petrochemical sector, reinforcing its role as the country’s largest foreign investor.
Iran’s Foreign Minister Abbas Araghchi has ruled out imminent nuclear negotiations with the United States but said talks with the European powers and the International Atomic Energy Agency (IAEA) are planned for coming days.
Israel has given final approval for a highly controversial settlement project in the occupied West Bank, a move that critics say would effectively sever the territory and deal a severe blow to the prospects of a future Palestinian state.
Türkiye is stepping up as a key player in efforts to end the Russia-Ukraine war. President Recep Tayyip Erdoğan, NATO chief Mark Rutte, and senior Turkish officials all emphasized Ankara’s key role in promoting lasting peace.
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