{"id":302266,"date":"2025-07-29T21:56:14","date_gmt":"2025-07-29T21:56:14","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/302266\/"},"modified":"2025-07-29T21:56:14","modified_gmt":"2025-07-29T21:56:14","slug":"us-and-china-end-constructive-trade-talks-without-breakthrough","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/302266\/","title":{"rendered":"US and China end ‘constructive’ trade talks without breakthrough"},"content":{"rendered":"

\"EPAEPA<\/p>\n

US Treasury Secretary Scott Bessent said it would be up to the president whether the tariff truce would be extended<\/p>\n

The US and China have wrapped up another round of trade talks without any major breakthroughs, despite discussions that both sides described as “constructive”.<\/p>\n

The negotiations, held in Stockholm, Sweden came as a truce established in May<\/a> is set to expire next month, threatening to revive the turmoil that hit in April when the two countries exchanged escalating tit-for-tat tariffs. <\/p>\n

US Treasury Secretary Scott Bessent said any extension of that truce, in which both sides agreed to drop some measures, would be up to President Donald Trump.<\/p>\n

China’s trade negotiator Li Chenggang said that both sides would push to preserve that agreement. <\/p>\n

Beijing and Washington have been at loggerheads on a range of issues as well as tariffs, including US demands that China’s ByteDance sell TikTok and that China speed up its export of critical minerals. <\/p>\n

Trump started hiking tariffs on Chinese goods shortly after his return to the White House. China ultimately responded with tariffs of its own. Tensions escalated, <\/b>with tariff rates hitting the triple digits, before a trade truce in May.<\/p>\n

That left Chinese goods facing an additional 30% tariff compared with the start of the year, with US goods facing a new 10% tariff in China. <\/b><\/p>\n

Without the truce being extended by the 12 August deadline, tariffs could “boomerang” back up, US officials said.<\/p>\n

“Nothing is agreed until we speak with President Trump,” Bessent said, while downplaying the risks of escalation.<\/p>\n

“Just to tamp down that rhetoric, the meetings were very constructive. We just haven’t given the sign off,” he said. <\/p>\n

This was the the third meeting between the US and China since April.<\/p>\n

Negotiators for the two sides said they discussed each others’ economies, implementation of terms previously agreed by Trump and Chinese President Xi Jinping and rare earths, a key sticking point because of their importance in new technology including electric vehicles. <\/p>\n

The US also pressed China on its dealings with Russia and Iran.<\/p>\n

Li Chenggang said both sides were “fully aware of the importance of safeguarding a stable and sound China-US trade and economic relationship”. <\/p>\n

Bessent said he felt the the US had momentum, after recent agreements that Trump has secured with Japan and the European Union. <\/p>\n

“I believe they were in more of a mood for wide-ranging discussion,” he said.<\/p>\n

President Trump has long complained about the trade deficit with China, which last year saw the US buy $295bn more goods from China than the other way round.<\/p>\n

US Trade Representative Jamieson Greer said the US was already on track to reduce that gap by $50bn this year.<\/p>\n

But Bessent said the US was not looking to completely “de-couple”.<\/p>\n

“We just need to de-risk with certain strategic industries, whether it’s the rare earths, semiconductors, medicines,” he said at a briefing for reporters after the conclusion of the talks. <\/p>\n","protected":false},"excerpt":{"rendered":"EPA US Treasury Secretary Scott Bessent said it would be up to the president whether the tariff truce…\n","protected":false},"author":2,"featured_media":302267,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5311],"tags":[49,978,659],"class_list":{"0":"post-302266","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-united-states","9":"tag-us","10":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114938759382984775","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/302266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=302266"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/302266\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/302267"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=302266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=302266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=302266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}