Latest China-US Trade Talks Open In Stockholm
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AFP on MSNChina and US wrap first day of trade talksChinese and US officials wrapped the first day in a fresh round of talks in Stockholm on Monday, with the world's top two economies looking to extend a fragile trade truce in the face of President Donald Trump's global tariff war.
The Stockholm meeting — following similar talks in Geneva and London in recent months — is set to extend a 90-day pause on those tariffs. During the pause, U.S. tariffs were lowered to 30% on Chinese goods, and China set a 10% tariff on U.S. products.
The US and China are due to start a fresh round of talks on Monday as expectations grow that the world's two biggest economies could agree a 90-day extension to their trade war truce.
Top U.S. and Chinese officials negotiate in Sweden to extend their trade truce, as the Trump administration races to finalize deals before tariff deadlines expire.
Taiwan's President Lai Ching-te is set to delay a diplomatically sensitive trip his team had floated to the Trump administration for August that would have included stops in the United States, according to three people familiar with the matter.
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U.S. and Chinese officials meet in Stockholm to extend a tariff pause and ease trade tensions. Talks could lead to a Trump-Xi summit later this year.
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Former Under Secretary of Commerce for International Trade Stefan Selig said the ongoing U.S.-China trade discussions will likely result in continued dialogue rather than a comprehensive agreement.
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What the market is looking for as US and Chinese trade negotiators meet this week is whether recent de-escalatory signals between the two superpowers will produce a further delay of steep tariffs.
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Cabrera, MCC Global Enterprises CEO, join 'Power Lunch' to discuss the United States' trade policies with the rest of the world.