Despite what both parties called “constructive” negotiations, the US and China have concluded another round of trade talks without any significant achievements. The talks, which took place in Stockholm, Sweden, come as a May truce is about to end next month, raising the possibility of a resurgence of the unrest that occurred in April when the two nations began exchanging increasingly high tariffs.
Any prolongation of that truce, in which both parties agreed to abandon some measures, would be up to President Donald Trump, according to US Treasury Secretary Scott Bessent. Li Chenggang, China’s trade negotiator, stated that both parties will work to keep that deal in place.
In addition to tariffs, Beijing and Washington have been at odds over a number of other topics, such as US demands that China accelerate the sale of vital minerals and that China’s ByteDance sell TikTok.
Shortly after his return to the White House, Trump began raising taxes on Chinese imports. In the end, China retaliated with its own levies. Prior to a trade truce in May, tensions increased and tariff rates reached triple digits. This resulted in a new 10% duty on US goods in China and a 30% tariff on Chinese goods compared to the beginning of the year.
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