Beijing and Washington are expected to extend their ongoing tariff truce by another three months as they prepare for a fresh round of trade negotiations in Stockholm, beginning on Monday. This is according to a report published by the South China Morning Post (SCMP) on Sunday.
Beijing and Washington are expected to extend their ongoing tariff truce by another three months as they prepare for a fresh round of trade negotiations in Stockholm, beginning on Monday.
This is according to a report published by the South China Morning Post (SCMP) on Sunday, which cited individuals familiar with the matter.
The temporary suspension of new tariffs has been a key element in stabilising relations between the world’s two largest economies, amid persistent tensions over trade imbalances, technology transfers, and market access.
An extension of the truce would give both sides more time to iron out differences and work towards a broader and more sustainable agreement.
While details of the proposed extension have not been officially confirmed, the SCMP report suggests that negotiators are cautiously optimistic about making incremental progress during the talks in the Swedish capital.
The meeting is seen as part of broader efforts to maintain dialogue and avoid further escalation in the long-running trade dispute.
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The United States and Iran traded barbs at the United Nations Security Council on Tuesday over conditions for reviving nuclear talks, with the U.S. saying it remains ready for direct negotiations and Iran rejecting Washington's terms.
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Syria's foreign and defence ministers met Russian President Vladimir Putin in Moscow on Tuesday to discuss expanding military, political and economic cooperation, with a focus on strategic collaboration in defence industries, Syria's state news agency SANA reported.
A pair of explosions and a fire, apparently sparked by leaking gas, ripped through a nursing home near Philadelphia on Tuesday, killing at least two people and prompting an intense search for victims in a collapsed portion of the building, officials said.
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