Frank Lavin, former undersecretary of commerce for international trade, says both the US and China are heading into the talks in Sweden from a position of wanting less resistance and more stability.

Washington

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.

Global Tariffs

A trade expert has indicated that the Trump administration is approaching current negotiations with China in a more conciliatory manner, aiming to avoid unnecessary friction. The US is reportedly offering to freeze certain export controls and has blocked a high-profile visit by Taiwan's President Lai Ching-Te, both seen as gestures to set a positive tone for talks.

China, for its part, is seeking stability in trading relations and is willing to make modest concessions to reduce tariffs, which have significantly impacted its exports. While both sides are showing willingness to compromise, the expert notes that a final resolution is unlikely in this round of talks, with further negotiations expected in the near future.

Trump showing China he wants no friction: Expert

Now going in, we are one day in here, how do you think the mood is? How do you think things are looking? Your state side, how's it look from your angle? Right, thanks for having me on Emily and I think you summed it up exactly right, that there's a feeling of optimism and purposefulness in the White House that the formula, the approach Trump took with Europe, with Japan and Indonesia and the Philippines, the U.S. more or less got what it wanted and it views it very much in the driver's seat to push the China negotiations in the same way. China's always a bit different, it's always a bit of an outlier in these negotiations but the Trump team feels very confident that they're going to be able to get what they want out of this deal. What about the Chinese side going in, what do they have going for it? We had heard about the rare earth materials or the rare earth minerals that was in exchange for of course the chip exports, that was kind of something that was announced last week. What does China have going for it going into these talks? Well look, I don't think China intrinsically is opposed to adjusting tariffs but it wants to move slowly if you will or incrementally and it wants to give up as little as it has to give up but what it values most of all Emily is just stability in trading relationships so it wants this issue settled and behind it so it has to balance those two goals of saying we don't mind some modest concessions to placate Trump if you will but most of all we don't want turmoil and open-ended conflict in this relationship because that doesn't help any importer or exporter. What about the President Trump and his offer to freeze export controls? This is being reported by the FT, we've also of course heard as I was talking about the in exchange for the rare earth minerals China will get the H20 chips from NVIDIA and then there is this other factor of a President Lai Ching-Te, supposedly was going to be making a trip to Central America, usually that includes a transit in the United States and being blocked by the United States. How do all these factors of course factor in to the bigger picture? I think both of these are very important signals for Washington to send to China because what they're saying is this is not a zero-sum game, this isn't all about simply we win on the U.S. side and you lose, you're making concessions and we're not. So Trump is showing look he's willing to be a responsible partner, he's not looking for friction, he's not looking to exacerbate things so blocking President Lai's visit or swing through the U.S. and sending a positive signal on exporting the chips are both I think very well received in Beijing and set a good tone for wrapping up these negotiations. And yeah according to one tariff simulator Chinese exports to the U.S. will decrease by almost half a trillion dollars between now and 2027. So if that's the case what would be the implications for both the U.S. and China and is that drastic of a decline or collapse in trade a reason why the two countries seem to be going for a more positive relationship now? No that's exactly right that China does not want to be under the gun of these tariffs and wants to work out as much as it can and end up someplace maybe somewhat close to what the EU got or somewhat close to what Japan got but at least not under these current 50 percent tariffs which is I think a calamity for them enormously destructive economically. So it's very more than willing to offer something put something on the table in order to get some kind of ultimate tariff reduction from the U.S. but I think these negotiations are mostly a pricing mechanism. China wants to give up as little as possible but wants to get stability back in these relations and wants to get the tariff level back as low as it can. So in my view I think the negotiations are going to be viewed as positive in terms of tone this time. But I don't think this will resolve it. I don't think we'll come to a final conclusion so to speak this round. And I think we'll meet again in a month or two and maybe that will take us across the finish line.

Ukraine says Russia's overnight air strikes hit a prison in Zaporizhzhia in the southeast, killing at least 17 people. Another 35 were injured. Authorities say the attacks destroyed the jail buildings and damaged several nearby houses.

Zaporizhzhia

Ukraine Invasion

Russian air strikes hit a prison in Ukraine's Zaporizhzhia, 17 killed

Russia launched yet another attack on Ukraine overnight, with more than 300 drones and seven missiles. While most of the barrage was intercepted, the attacks prompted President Trump to give his Russian counterpart an ultimatum.

Moscow

Trump gives Putin new deadline to end Ukraine war

A gunman killed at least one police officer and shot a handful of other people Monday in the heart of New York City. CBS News New York has the latest details.

New York

Gunman kills police officer, wounds others in Midtown Manhattan

The suspect in the Michigan Walmart stabbing attack that injured 11 people over the weekend pleaded not guilty Monday to terrorism and assault charges.

Traverse City

Suspect pleads not guilty in Walmart stabbing attack

The U.S. Department of Justice says it took down child abuse websites that had more than 120,000 members and contained millions of files. CBS News' Scott MacFarlane explains how the arrest of one suspect nicknamed "Boss" was a huge priority for the FBI.

U.S. Justice Dept. shuts down four child abuse websites

Five people, including security guards, were killed by a gunman at Bangkok's Or Tor Kor market on Monday. The shooter, who injured two others, later killed himself, according to authorities.

Bangkok

Gunman kills five at busy Bangkok fresh food market

Thailand and Cambodia have agreed to an “unconditional” ceasefire starting at midnight, Malaysian Prime Minister Anwar Ibrahim said on July 28, a significant breakthrough to resolve five days of deadly border clashes.

Kuala Lumpur

Thailand and Cambodia agree to ceasefire

Truckloads of food reached hungry Gazans on July 28 after Israel promised to open secure aid routes, but humanitarian agencies warned vast amounts more were needed to stave off starvation.

Jerusalem

Middle East Conflict

Food arrives in Gaza after Israel pauses some fighting

Top U.S. and Chinese economic officials will resume talks in Stockholm to try to tackle longstanding economic disputes at the center of a trade war, aiming to extend a truce by three months and keeping high tariffs at bay.

Stockholm

U.S.-China trade truce extension seen, may ease way for Trump-Xi meet

A train derailment in southern Germany killed at least three people and injured others. The cause is under investigation, with weather possibly a factor.

Riedlingen

German train derails, killing at least three people

Israel has agreed to limit fighting in parts of Gaza and would allow more aid into the region, but both moves are facing criticism for being too little too late.

Israel announces daily pauses in Gaza fighting as aid trickles in

Abnormally high temperatures combined with heat and drought have fuelled destructive wildfires in parts of Europe, forcing thousands to be evacuated.

Athens

Heat fuels destructive wildfires in parts of Europe

Michigan officials say they will file terrorism charges and 11 charges of assault with intent to murder against the man who allegedly carried out a knife attack at a Walmart on Saturday. Lana Zak reports.

Garfield Township

Suspect in Michigan stabbing rampage to face terrorism charges

FAA investigators are in Denver after passengers and crew aboard an American Airlines flight were forced to evacuate when a tire blew during takeoff and the plane's rapid deceleration caused a brake fire, the airline said. Elise Preston reports.

Denver

Passengers evacuate burning plane in Denver

President Trump announced Sunday that the U.S. and European Union have come to a trade agreement after high-stakes meetings in Scotland. Weijia Jiang reports.

Edinburgh

Trump announces trade agreement with the European Union

Israel says it will now establish secure routes through the war zone in Gaza so aid convoys won't be shot at or looted. Elizabeth Palmer reports.

Tel Aviv-Yafo

Israel says it will establish secure routes for Gaza aid

U.S. President Donald Trump played golf Saturday at his course on Scotland's coast while protesters around the country took to the streets to decry his visit and accuse United Kingdom leaders of pandering to the American president.

Protesters in Scotland take to the streets to decry Trump's visit

Following four days of border clashes which have left over 30 people dead, the two sides have agreed to Malaysia acting as a mediator in the conflict.

Thailand, Cambodia to meet in Malaysia for ceasefire talks

Protesters gathered in front of the U.S. consulate in Edinburgh to oppose President Trump's visit to Scotland. Mr. Trump plans to host the U.K.'s Prime Minister Keir Starmer and the President of the European Union, Ursula von der Leyen, for trade talks at his personal properties.

Demonstrators protest Trump's visit to Scotland

The Israeli military said Saturday that it will resume aid airdrops into Gaza and open humanitarian corridors for United Nations convoys amid increased international pressure and accounts of starvation-related deaths in the territory.

Israel says airdrops of aid into Gaza will begin

Tens of thousands flee as border fighting between Cambodia and Thailand intensifies — with no ceasefire in sight.

Preah Vihear Province

Cambodia calls for ceasefire with Thailand

Typhoon Co-May has moved away from the Philippines but many low-lying areas are still severely flooded. Three storms dumped a months’ worth of rain in a span of a week on nearly the entire country.

Manila

At least 30 killed in Philippines typhoon

EU Commission President Ursula von der Leyen has said she will meet US President Donald Trump on Sunday in Scotland to "discuss transatlantic trade relations."

Glasgow

Ursula von der Leyen to meet Donald Trump to discuss trade

President Trump signed an executive order Thursday aimed at dramatically changing how the U.S. approaches homelessness.

Trump signs executive order changing U.S. approach to homelessness

Typhoon Co-May has left a trail of destruction across the Philippines, making landfall in the country's northwestern region. Torrential rains and strong winds have battered towns and cities, damaging homes, roads, and farmland. At least 25 people have been reported dead.

Pangasinan

Philippines hit hard by Typhoon Co-May, dozens killed

Israeli Prime Minister Benjamin Netanyahu and U.S. President Donald Trump appeared on Friday to abandon Gaza ceasefire negotiations with Palestinian militant group Hamas, a day after withdrawing their delegations from talks.

Netanyahu, Trump appear to abandon Gaza ceasefire negotiations

U.S. President Donald Trump is spending five days in Scotland visiting his luxury golf resorts. While the White House touts the economic impact, some locals say the developments have scarred the land and stirred controversy.

Trump visits Scotland to tour golf courses amid protests

The U.S. Department of Justice is set to meet with Ghislaine Maxwell, Jeffrey Epstein's convicted accomplice, amid mounting political pressure on President Donald Trump over his administration's handling of the Epstein case.

Trump showing China he wants no friction: Expert

Breakdown

See The Full Story

Global Tariffs