China-US Trade Talks: Tariff Tensions and Future Directions Emerge in Stockholm
China and the US have agreed to maintain their current tariff pause after constructive discussions in Stockholm. The negotiations addressed microeconomic issues and set the stage for continued communication. The tariff talks in Sweden, involving key officials from both countries, could influence future bilateral relations and global markets.
- Country:
- Sweden
China and the United States have decided to continue their current pause on tariffs at 30% for Chinese goods entering the US and 10% for American products in China.
This agreement follows a recent two-day meeting in Stockholm where trade officials held candid and rigorous discussions on microeconomic issues, as confirmed by China's top trade official, Li Chenggang. Both sides agreed on maintaining close contact and timely communication to address economic concerns.
The meetings in the Swedish capital aimed to tackle the ongoing tariff disputes that have disrupted trade relations between the world's two largest economies. With talks resuming behind closed doors, attention has focused on resolving those tensions and planning for future summits between leaders like Trump and Xi Jinping.
(With inputs from agencies.)
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