US-China Trade Talks in Stockholm: A Pivotal Standoff
US and Chinese trade officials resumed talks in Stockholm to address tariff disputes affecting their economic relations. The discussions have been described as constructive, with potential extensions on current tariff levels. Key issues also include market access, investments, and export restrictions.
- Country:
- Sweden
Trade officials from the United States and China have met in Stockholm for critical discussions aimed at resolving ongoing tariff disputes, a major issue that has impacted economic relations between the two global powers. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng have maintained a low profile, avoiding public statements during these high-stakes talks.
As the negotiations continue, Swedish Prime Minister Ulf Kristersson met with US representatives over breakfast, while further deliberations are expected to yield a decision on extending current tariff levels, now significantly lower than the peaks seen in April. Analysts anticipate the talks will at least result in maintaining existing tariff settings.
Discussions also encompass broader issues, such as US market access, Chinese investments, and export controls related to technology. While there's optimism about a resolution, the outcome remains uncertain as both sides weigh their economic interests and strategies carefully.
(With inputs from agencies.)
- READ MORE ON:
- US
- China
- trade
- talks
- tariffs
- economy
- Stockholm
- negotiations
- market
- investments
Google News