US and China met in Stockholm to discuss extending a 90-day tariff suspension aimed at easing trade tensions. Tariffs have been lowered to 30% for US on Chinese goods and 10% for China on US goods. Talks also covered fentanyl export controls and may lead to a presidential meeting this fall.
US and Chinese officials met in Stockholm to discuss extending the 90-day suspension of trade tariffs. The main goal is to prevent the return of heavy tariffs and ease ongoing trade tensions between the two countries.
During this period, US tariffs on Chinese goods have been reduced to 30%, while Chinese tariffs on American goods have dropped to 10%. Additionally, issues such as controlling the export of fentanyl-related chemicals and mutual market access were discussed.
These talks could pave the way for a potential meeting between the US and Chinese presidents in the fall, which may significantly impact economic relations and global markets.