China is facing an August 12 deadline to reach a durable tariff agreement with President Donald Trump 's administration, after Beijing and Washington reached preliminary deals in May and June to end weeks of escalating tit-for-tat tariffs and a cut-off of rare earth minerals.

Officials are meeting in Sweden for their third round of talks in as many months, ahead of an Aug. 12 deadline, to try to avoid a flare-up in trade tensions.

U.S. and Chinese officials are meeting in Stockholm to discuss trade tariffs and a potential summit between their leaders