Senior U.S. and Chinese officials met in Stockholm on July 28th to extend negotiations over tariffs before current truce provisions expire on August 1st. The U.S. team is led by Treasury Secretary Scott Bessent, with China represented by Vice Premier He Lifeng. The session follows earlier rounds in Geneva and London in May and June. Those meetings produced a 90‑day pause that rolled back tariff rates from triple‑digit levels and reopened some restricted trade flows, including rare‑earth shipments from China and selected U.S. technology exports. Negotiators in Stockholm are expected to agree to another 90‑day extension while they work on a more durable arrangement. Officials from both sides kept public comments limited, signaling that the focus remains on managing the immediate tariff calendar rather than closing a comprehensive deal.
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