Politics7/29/2025Bloomberg

US, China Talks End With Agreement on Tariff Truce Extension

The recent trade talks between the United States and China have resulted in an agreement to extend the existing tariff truce. The talks, held in Stockholm, were led by US and Chinese negotiators, including Chinese trade negotiator Li Chenggang. While the details of the extension were not disclosed, the parties have agreed to continue the temporary suspension of additional tariffs, signaling a willingness to maintain the current status quo in their ongoing trade dispute. The extension of the tariff truce suggests that both countries are seeking to find a diplomatic solution to their trade-related differences, rather than escalating the economic tensions through the imposition of new tariffs. The continuation of the tariff truce is seen as a positive development, as it provides an opportunity for further negotiations and the potential resolution of the long-standing trade issues between the world's two largest economies.

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