High-Stakes Trade Talks: U.S.-China Negotiations Resume in Stockholm
U.S. and Chinese officials have resumed critical trade talks in Stockholm to extend a truce and resolve long-standing disputes. With a deadline fast approaching, both parties aim to prevent renewed turmoil in global supply chains while considering a potential meeting between Trump and Xi in late 2023.
The United States and China have resumed pivotal economic discussions in Stockholm, aiming to extend a trade truce and resolve entrenched disputes. Critical to global trade stability, these talks bear the pressure of averting a potential trade war further escalation.
Notably present was U.S. Treasury Chief Scott Bessent, with China's Vice Premier He Lifeng participating via footage. The looming deadline of August 12 for a sustainable tariff agreement with the Trump administration mandates urgent resolution after prior tentative deals.
Despite potential for an overarching breakthrough appearing slim, trade dynamics remain on a knife-edge, with bilateral relations influenced by complex negotiations involving supply chains and technology export controls, crucial for industry and geopolitical stability.
(With inputs from agencies.)
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