by David Lawder and Greta Rosen Fondahn at Reuters
Summary
– Stockholm talks aim to extend tariff truce by 90 days
– Talks expected to resume on Tuesday
– Trump-Xi meeting could ease trade tensions, analysts say
– China seeks reduction of US tariffs and tech export controls
Top U.S. and Chinese economic officials met in Stockholm on Monday for more than five hours of talks aimed at resolving longstanding economic disputes at the centre of a trade war between the world’s top two economies, seeking to extend a truce by three months.
U.S. Treasury Chief Scott Bessent was part of a U.S. negotiating team that arrived at Rosenbad, the Swedish prime minister’s office in central Stockholm, in the early afternoon. China’s Vice Premier He Lifeng was also seen at the venue on video footage.
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.
Negotiators from the two sides were seen exiting the office around 8 p.m. (1800 GMT) and did not stop to speak with reporters. The discussions are expected to resume on Tuesday.
Trump touched on the talks during…
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