{"id":103609,"date":"2025-07-30T02:08:15","date_gmt":"2025-07-30T02:08:15","guid":{"rendered":"https:\/\/www.europesays.com\/us\/103609\/"},"modified":"2025-07-30T02:08:15","modified_gmt":"2025-07-30T02:08:15","slug":"us-and-china-discuss-plans-to-extend-tariff-pause-in-trade-talks-in-stockholm","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/103609\/","title":{"rendered":"US and China discuss plans to extend tariff pause in trade talks in Stockholm"},"content":{"rendered":"

STOCKHOLM (AP) \u2014 The United States and China have agreed to work on extending a deadline for new tariffs<\/a> on each other after two days of trade talks in Stockholm<\/a> concluded on Tuesday, according to Beijing\u2019s top trade official. <\/p>\n

The U.S. side says the extension was discussed, but not decided.<\/p>\n

China\u2019s international trade representative Li Chenggang<\/a> said the two sides had \u201cin-depth, candid and constructive\u201d discussions and agreed to work on extending a pause in tariffs beyond an Aug. 12 deadline for a trade deal. <\/p>\n

\u201cBoth sides are fully aware the importance of maintaining a stable, healthy China-U.S. economic and trade relations,\u201d Li said, without elaborating how the extension would work. <\/p>\n

U.S. Treasury Secretary Scott Bessent described the talks as a \u201cvery fulsome two days with the Chinese delegation.\u201d <\/p>\n

He said they touched on U.S. concerns over China\u2019s purchase of Iranian oil, supplying Russia with dual-use tech that could be used on the battlefield, and manufacturing goods at a rate beyond what is sustained by global demand.<\/p>\n

\u201cWe just need to de-risk with certain, strategic industries, whether it\u2019s the rare earths, semiconductors, medicines, and we talked about what we could do together to get into balance within the relationship,\u201d Bessent said. <\/p>\n

He stressed that the U.S. seeks to restore domestic manufacturing, secure purchase agreements of U.S. agricultural and energy products, and reduce trade deficits.<\/p>\n

Meeting in the Swedish capital<\/p>\n

The latest round of talks opened Monday in Stockholm to try to break a logjam over tariffs that have skewed the pivotal commercial ties between the world\u2019s two largest economies. <\/p>\n

The two sides previously met in Geneva and London to address specific issues \u2014 triple-digit tariffs that amounted to a trade embargo and export controls on critical products \u2014 China\u2019s chokehold on rare earth magnets, and U.S. restrictions on semiconductors.<\/p>\n

Monday\u2019s discussions lasted nearly five hours behind closed doors at the office of Swedish Prime Minister Ulf Kristersson. Before the talks resumed Tuesday, Kristersson met with Bessent and U.S. Trade Representative Jamieson Greer over breakfast.<\/p>\n

A possible Trump-Xi meeting<\/p>\n

The talks in Stockholm unfolded as President Donald Trump is mulling plans to meet Chinese President Xi Jinping, a summit that could be a crucial step toward locking in any major agreements between their two countries. <\/p>\n

\u201cI would say before the end of the year,\u201d Trump told reporters aboard Air Force One on Tuesday. <\/p>\n

On his Truth Social media platform, Trump insisted late Monday that he was not \u201cseeking\u201d a summit with Xi, but may go to China at the Chinese leader\u2019s invitation, \u201cwhich has been extended. Otherwise, no interest!\u201d<\/p>\n

Bessent told reporters the summit was not discussed in Stockholm but that they did talk about \u201cthe desire of the two presidents for the trade team and the Treasury team to have trade negotiations with our Chinese counterparts.\u201d <\/p>\n

Greer said the American team would head back to Washington and \u201ctalk to the president about\u201d the extension of the August deadline and see \u201cwhether that\u2019s something that he wants to do.\u201d <\/p>\n

Striking tariff deals<\/p>\n

The U.S. has struck deals over tariffs with some of its key trading partners \u2014 including Britain<\/a>, Japan<\/a> and the European Union<\/a> \u2014 since Trump announced earlier in July elevated tariff rates<\/a> against dozens of countries. China remains perhaps the biggest challenge. <\/p>\n

\u201cThe Chinese have been very pragmatic,\u201d Greer said in comments posted on social media by his office late Monday. \u201cWe have tensions now, but the fact that we are regularly meeting with them to address these issues gives us a good footing for these negotiations.\u201d<\/p>\n

Many analysts had expected<\/a> that the Stockholm talks would result in an extension of current tariff levels, which are far lower than the triple-digit percentage rates proposed as the U.S.-China tariff tiff reached a crescendo in April, sending world markets into a temporary tailspin.<\/p>\n

The two sides backed off the brink during bilateral talks in Geneva in May and agreed to a 90-day pause \u2014 which ends Aug. 12 \u2014 of those sky-high levels. They currently stand at U.S. tariffs of 30% on Chinese goods, and China\u2019s 10% tariff on U.S. products.<\/p>\n

The long view<\/p>\n

While China has offered few specifics of its goals in the Stockholm talks, Bessent has suggested that the situation has stabilized to the point that Beijing and Washington can start looking toward longer-term balance between their economies.<\/p>\n

Since China vaulted into the global trading system more than two decades ago, Washington has sought to press Beijing to encourage more consumption at home and offer greater market access to foreign, including American-made goods.<\/p>\n

Wendy Cutler, a former U.S. trade negotiator and now vice president at the Asia Society Policy Institute, said Trump\u2019s team would today face challenges from \u201ca large and confident partner that is more than willing to retaliate against U.S. interests.\u201d<\/p>\n

Rollover of tariff rates \u201cshould be the easy part,\u201d she said, warning that Beijing has learned lessons since the first Trump administration and \u201cwill not buy into a one-sided deal this time around.\u201d<\/p>\n

Goodbye Stockholm<\/p>\n

Bessent said the \u201coverall tone of the meetings was very constructive\u201d while Li said the two sides agreed in Stockholm to keep close contact and to \u201ccommunicate with each other in a timely manner on trade and economic issues.\u201d<\/p>\n

On Monday, police cordoned off a security zone along Stockholm\u2019s vast waterfront as rubbernecking tourists and locals sought a glimpse of the top-tier officials through a phalanx of TV news cameras lined up behind metal barriers. <\/p>\n

Flagpoles at the prime minister\u2019s office were festooned with the American and Chinese flags.<\/p>\n

___<\/p>\n

Tang reported from Washington. Associated Press writer Josh Boak in Washington contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"STOCKHOLM (AP) \u2014 The United States and China have agreed to work on extending a deadline for new…\n","protected":false},"author":3,"featured_media":103610,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[9710,64,74,13212,84,69,12042,57,86,51,13790,50,80,18244,64252,129,66991,16618,52,11084,66990,67,370,93,66992,107,11762],"class_list":{"0":"post-103609","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-beijing","9":"tag-business","10":"tag-china","11":"tag-china-government","12":"tag-district-of-columbia","13":"tag-donald-trump","14":"tag-economic-policy","15":"tag-general-news","16":"tag-government-policy","17":"tag-headlines","18":"tag-international-trade","19":"tag-news","20":"tag-politics","21":"tag-scott-bessent","22":"tag-stockholm","23":"tag-sweden","24":"tag-sweden-government","25":"tag-tariffs-and-global-trade","26":"tag-top-stories","27":"tag-trump-media-technology-group","28":"tag-ulf-kristersson","29":"tag-united-states","30":"tag-united-states-government","31":"tag-washington-news","32":"tag-wendy-cutler","33":"tag-world-news","34":"tag-xi-jinping"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114939750941014622","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/103609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=103609"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/103609\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/103610"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=103609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=103609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=103609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}