Sino-American Trade Talks: A New Chapter
China's Vice Premier He Lifeng will visit Sweden for trade talks with U.S. officials from July 27-30. The discussions aim to resolve trade tensions and avoid increased U.S. tariffs. Both nations emphasize mutual respect for achieving a long-lasting agreement. Recent conciliatory gestures from Beijing indicate a willingness for compromise.
In a significant diplomatic effort, China's Vice Premier He Lifeng is scheduled for an economic and trade dialogue with U.S. officials in Sweden from July 27 to 30. This initiative, confirmed by the Chinese commerce ministry, aims to ease trade tensions between the two economic giants.
Amidst ongoing discussions, U.S. Treasury Secretary Scott Bessent expressed optimism towards trade relations with China, stating they are currently 'in a good place.' Both nations are working to meet an August 12 deadline for an agreement, crucial to averting an escalation in tariffs.
Recent gestures from Beijing, including halting an antitrust probe into the DuPont China Group, underscore China's intent to stabilize trade relations. With previous meetings in Geneva and London, the talks in Stockholm could be pivotal in re-establishing economic harmony.
(With inputs from agencies.)
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