In the wake of new tariffs, how are US-China trade talks going?
Summary
President Donald Trump announced new tariffs on imports from several countries, excluding China, as part of ongoing trade reshaping efforts. Talks between the US and China in Stockholm did not lead to an extension of a current tariff pause, with future decisions left to Trump. The discussions focused on maintaining a stable trade relationship between the two countries.Key Facts
- President Trump introduced new tariffs that range from 10% to 41% on imports from 69 countries.
- China, a major US trading partner, is not included in the new tariff list.
- The latest round of US-China talks in Stockholm ended without extending a current 90-day tariff pause.
- The 90-day tariff pause between the US and China is due to expire on August 12.
- Without a new agreement, tariffs could return to triple-digit levels, affecting global trade.
- US Treasury Secretary Scott Bessent emphasized that final decisions rest with President Trump.
- Both US and Chinese officials described the talks as constructive but have not reached a concrete agreement.
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