The US and China continued trade negotiations in Stockholm
US and Chinese officials assessed the two-day negotiations in Stockholm as constructive. This was reported by Zamin.uz.
Although the parties were unable to reach an agreement to extend the 90-day tariff truce established in May, they expressed their readiness to work to maintain it. According to Chinese representative Li Chenggang, the parties understand the importance of preserving the truce.
US Treasury Secretary Scott Bessent emphasized that the final decision will be made by President Donald Trump. He stated that no significant issue will be resolved without consulting Trump.
The tariff truce is set to expire on August 12. If it is not renewed, tariff rates may be increased again.
In April, the parties had also raised mutual tariffs, escalating the trade conflict. Currently, additional tariffs of up to 30 percent have been imposed on Chinese products in the US, while China has set new tariffs of 10 percent on US goods.
In the negotiations, other important issues were also discussed alongside tariffs. These include the sale of TikTok, the export of rare metals, and China's relations with Russia and Iran.
The US is particularly focusing on reducing risks in the technology and pharmaceutical industries. These negotiations are being viewed as a significant step aimed at stabilizing trade relations between the two countries.
