U.S. and China will meet in Stockholm on Monday, 90 day extension expected | investingLive
U.S. and Chinese negotiators will meet in Stockholm on Monday in an effort to extend the August 12 deadline for a trade deal.
- a 90-day extension is expected
Otherwise, tariffs surge back to 145% on the US side and 125% on the Chinese side. This seems a remote possibility at present.
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Third round of talks between senior U.S. and Chinese negotiators will be held in Stockholm on Monday.
- U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will lead the delegations
- discussions will focus on extending the tariff truce ahead of the August 12 deadline
- without an extension, U.S. and Chinese tariffs could surge above 100%, disrupting global supply chains
These talks follow the US weekend 15% tariff deal with the EU, which includes large-scale European purchases of U.S. energy and military goods, and a $600 billion EU investment pledge.
No major breakthrough is expected from the China talks, but a 90-day extension of the current truce (originally agreed in mid-May) is widely expected.
The extension would likely prevent tariff escalation and pave the way for a potential Trump–Xi summit in late October or early November.
A South China Morning Post report, citing unnamed sources, says both sides will refrain from new tariffs or escalatory actions during the extension.
Despite Trump’s comment that “we’ve sort of made a deal with China,” new U.S. tariffs on Chinese semiconductors, pharmaceuticals, cranes, and other goods are reportedly in preparation.
Earlier negotiation rounds were held in Geneva and London in May and June.