American and Chinese officials today (29.7.2025) completed their two -day talks in Stockholm, with the aim of resolving their long -term financial differences and avoiding a escalation of the trade war between USA – China.
Although no significant progress between the US and China was announced, Chinese negotiators, Lee Chengang, said that the two sides agreed to push for an extension of the “tariff truce” that they had declared in mid -May, and that the discussions were in the midst of discussions. However, he did not specify how long this truce would be extended.
Bessed, who led the US delegation along with commercial representative Jameson Green, said he would inform Trump tomorrow Wednesday on other issues. “It’s small” and “they have to do with the Chinese delegation,” Bessed told reporters.
Adding an additional 90 days is an optionalso said Bessed, for the duration of the 90 -day suspension of high duties that threatened to stop bilateral trade.
At the same time, the Chinese New China agency described the talks as “constructive”, noting that the two countries “will continue to work” to extend their trade truce. These talks could pave the way for a meeting between US and China presidents, Donald Trump and Si Jing later this year. However, Trump denied that he asked for a meeting and Beijing’s representatives made no mention of that.
It should be noted that for months Trump has threatened US trade partners with high duties, and has reached trade agreements with the European Union, Japan and other countries. But China’s strong economy and the fact that it controls much of the world trade of rare land make these conversations particularly complicated.
In May, both sides withdrew from the imposition of a three -digit duty on each other, which would be equivalent to bilateral trading embargo. But refueling chains and financial markets can be faced with a new turmoil, in the absence of an agreement.