U.S. and Chinese officials are holding talks in Stockholm on Monday to extend a truce in their trade war, aiming to avert a tariff surge and lay groundwork for a possible Trump-Xi summit.
Senior U.S. and Chinese economic envoys will resume negotiations in Stockholm on Monday, seeking to extend a fragile truce by 90 days in their ongoing trade dispute. The talks come ahead of a 12 August deadline, after which a lapse could see triple-digit tariffs reimposed on bilateral trade, potentially disrupting global supply chains.
The negotiations follow earlier rounds in Geneva and London that halted tit-for-tat tariff escalations and export controls, particularly on rare earth minerals and high-tech products. A further extension would help stabilise commercial ties and pave the way for a meeting between U.S. President Donald Trump and Chinese President Xi Jinping later this year.
“We're very close to a deal with China. We really sort of made a deal with China, but we'll see how that goes,” Trump said on Sunday, shortly before finalising a major 15% tariff agreement with the European Union.
A spokesperson for the U.S. Treasury declined to confirm reports of a 90-day freeze on new tariffs and restrictions, though trade analysts say such a pause is likely.
Trump’s administration is preparing new sectoral tariffs targeting semiconductors, pharmaceuticals, and ship-to-shore cranes, with implementation expected in the coming weeks.
Meanwhile, Beijing continues to call for a rollback of U.S. tariffs—now totalling 55% on many Chinese goods—and a relaxation of tech export restrictions.
Scott Kennedy, a China expert at the Center for Strategic and International Studies, said, “Geneva and London were really just about trying to get the relationship back on track so that they could, at some point, actually negotiate about the issues which animate the disagreement.”
Both sides have yet to engage in deeper discussions over systemic issues, including China’s state-led export model and U.S. national security controls. U.S. Treasury Secretary Scott Bessent has called for China to shift towards domestic consumption—a longstanding goal of American policymakers.
Talks are also viewed as a stepping stone to a possible Trump-Xi summit in October or November. Sun Chenghao, from Tsinghua University’s Center for International Security and Strategy, said that such a meeting could address contentious areas like fentanyl-linked tariffs and China’s unmet pledge to boost purchases of U.S. agricultural goods.
The U.S. trade deficit with China stood at $295.5 billion in 2024, according to official data.
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China announced a sweeping inspection of fire-safety standards in high-rise buildings nationwide on Saturday after a deadly fire in Hong Kong left at least 128 people dead.
The death toll from floods and landslides following cyclonic rains in the Indonesian island of Sumatra has risen to 303, the head of the country's disaster mitigation agency said on Saturday, up from a previous figure of 174.
Hong Kong on Saturday mourned the 128 people known to have died in a massive fire at a high-rise apartment complex, a toll that is likely to rise with 150 still missing days after the disaster.
The global recall of Airbus A320 aircraft has triggered widespread disruption across several major airlines, forcing flight cancellations in the United States, Japan, Australia and New Zealand.
At least 47 people have died and another 21 are reported missing following ten days of heavy rainfall, floods, and landslides across Sri Lanka, local media reported on Thursday (27 November).
Hong Kong fire authorities said they expected to wrap up search and rescue operations on Friday after the city's worst fire in nearly 80 years tore through a massive apartment complex, killing at least 128 people, injuring 79 and leaving around 200 still missing.
U.S. Secretary of Defense Pete Hegseth visited sailors aboard the USS Gerald R. Ford aircraft carrier in the Latin American region on Thursday, amid a military buildup by President Donald Trump’s administration that has heightened tensions with Venezuela.
Rescuers in Sri Lanka are racing against rising floodwaters and treacherous terrain today after a powerful storm system slammed into the island nation, killing at least 46 people and displacing tens of thousands in a disaster that threatens to strain the country’s resources.
The Spanish agricultural sector has been placed on high alert following the confirmation that African Swine Fever (ASF) has resurfaced in the country for the first time in over thirty years.
China announced a sweeping inspection of fire-safety standards in high-rise buildings nationwide on Saturday after a deadly fire in Hong Kong left at least 128 people dead.
The death toll from floods and landslides following cyclonic rains in the Indonesian island of Sumatra has risen to 303, the head of the country's disaster mitigation agency said on Saturday, up from a previous figure of 174.
Hong Kong on Saturday mourned the 128 people known to have died in a massive fire at a high-rise apartment complex, a toll that is likely to rise with 150 still missing days after the disaster.
The global recall of Airbus A320 aircraft has triggered widespread disruption across several major airlines, forcing flight cancellations in the United States, Japan, Australia and New Zealand.
Pope Leo visited Istanbul’s Blue Mosque on Saturday, stepping inside one of the most iconic sites of the Muslim world. He removed his shoes at the entrance in a gesture of respect. He did not appear to pray.
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