US and China Seek to Extend Tariff Truce After ‘Constructive’ Talks in Sweden

Officials Agree to Push for Continuation of 90-Day Trade Pause

Top officials from the United States and China concluded two days of high-level trade talks in Stockholm, Sweden, with both sides describing the negotiations as “constructive.” The discussions focused on extending the current 90-day tariff truce, which is due to expire next month.

China and US Agree to Work Toward Preserving Truce

China’s chief trade negotiator Li Chenggang said both governments agreed to “push to preserve the truce,” which was first established in May. The truce temporarily suspended the escalation of tariffs and was intended to create space for further negotiations.

Final Decision Rests With President Trump

US Treasury Secretary Scott Bessent emphasized, however, that any extension of the pause would ultimately be decided by President Donald Trump.

“The progress made is encouraging, but it will be up to the President to determine whether the United States agrees to an extension,” Bessent said.

The truce was established after a period of escalating tit-for-tat tariffs earlier this year that rattled global markets. Analysts warn that if the truce lapses, another round of tariffs could trigger further economic uncertainty worldwide.

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FAQs: US-China Tariff Truce

1. What is the US-China tariff truce?

The tariff truce is a 90-day pause on new tariffs and escalation of existing trade measures between the US and China, aimed at giving negotiators more time to resolve trade disputes.

2. Why are the two countries negotiating in Sweden?

Sweden was chosen as a neutral venue for high-level talks to reduce political tensions and allow focused negotiations.

3. When is the truce set to expire?

The current truce, established in May, is set to expire next month, raising fears of renewed tariff increases.

4. What happens if the truce is not extended?

If the truce expires, both sides could reimpose or increase tariffs on each other’s goods, potentially escalating trade tensions and harming global markets.

5. Who decides whether the US will extend the truce?

The final decision lies with President Donald Trump, as confirmed by US Treasury Secretary Scott Bessent.
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