Name: U.S., China hold new trade talks in Sweden
Uploaded: 2025-07-29T15:09:31.095Z
Duration: 1 min 5 s
Description: The two countries hope to extend the 90-day pause on triple-digit tariffs negotiated in Geneva in May.

The two countries hope to extend the 90-day pause on triple-digit tariffs negotiated in Geneva in May.

Stockholm

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

Global Tariffs

Delegations from the United States and China are holding a new round of economic and trade talks in Sweden, seeking to extend a 90-day pause on tariffs that was previously negotiated in Geneva. The current agreement has the U.S. imposing 30% tariffs on Chinese goods, while China has reduced its retaliatory tariffs on U.S. products to 10%.

The truce is set to expire soon unless a new agreement is reached. The talks come after the U.S. introduced significant tariffs earlier in the year, sparking a global trade dispute. While the U.S. has reached tariff agreements with other major trading partners, China remains a key unresolved issue. U.S. Treasury Secretary Scott Besant recently indicated optimism about extending the truce and described the ongoing talks as positive.

U.S., China hold new trade talks in Sweden

Delegations from China and the United States met on Tuesday for the second day of a new round of economic and trade talks in the capital of Sweden. The two countries hoped to extend the 90-day pause on triple-digit tariffs negotiated in Geneva in May. The US had agreed to settle on 30% tariffs on Chinese goods, while China had brought down its retaliatory tariffs on US products to 10%. Without a new agreement, this truce is expected to end on August 12th. In April, US President Donald Trump sent the world into a spiralling trade war when he announced his so-called Liberation Day tariffs against thousands of countries. Since then, the US has struck deals over tariffs with some of its key trading partners, including Britain, Japan and the European Union. China is perhaps the biggest unresolved case. Commercial ties between the world's two biggest economies remain fragile. US Treasury Secretary Scott Besant said last week that an extension of the tariff truce was likely and that talks with China were in a very good place.

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U.S., China hold new trade talks in Sweden

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