US, China Set to Resume Tariff Talks to Extend Truce

SENIOR US AND Chinese negotiators meet in Stockholm on Monday to tackle long-standing economic disputes at the centre of the countries' trade war, aiming to extend a truce keeping sharply higher tariffs at bay.

- REUTERS

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

Without an agreement, global supply chains could face renewed turmoil from duties exceeding 100%.

The Stockholm talks, led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, take place a day after European Commission President Ursula von der Leyen meets Trump at his golf course in Scotland to try to clinch a deal that would likely see a 15% baseline tariff on most EU goods.