China, US Extend Tariff Pauses After 'Constructive' Talks In Stockholm

Last Updated:July 29, 2025, 23:19 IST

Li also said the two sides had “comprehensive and in-depth” discussions on microeconomic issues

(AI-generated Photo: Chinese and US trade officials held their latest round of trade talks in the Swedish capital on Monday)

China and the US have agreed to continue their tariff pauses on each other, signalling an end to the trade war between the two biggest economies.

Following a two-day meeting with US counterparts in Stockholm, China’s top trade official Li Chenggang said on Tuesday that the two sides had “constructive" and “candid" discussions and agreed to keep the tariffs at current levels — the US taxing Chinese goods at 30 per cent and China collecting 10 per cent on US products.

Li also said the two sides had “comprehensive and in-depth" discussions on microeconomic issues, agreeing to keep close contact and “communicate with each other in a timely manner on trade and economic issues."

However, US Trade Representative Jamieson Greer said President Donald Trump will have the “final call" on any extension of a tariff truce between Washington and Beijing.

“Nothing has been agreed until we speak with President Trump," added US Treasury Secretary Scott Bessent at a briefing in Stockholm, calling the tone of the talks “very constructive".

China & US Trade Talks

Chinese and US trade officials held their latest round of trade talks in the Swedish capital on Monday and Tuesday to try to break a logjam over tariffs that have skewed the pivotal commercial ties between the world’s two largest economies.

On the first day, the talks lasted nearly five hours behind closed doors at the Swedish prime minister’s office on Monday. Before the talks resumed on Tuesday, Swedish Prime Minister Ulf Kristersson met with US Treasury Secretary Scott Bessent and US trade representative Jamieson Greer over breakfast.

The United States has struck deals over tariffs with some of its key trading partners — including Britain, Japan and the European Union — since US President Donald Trump announced “Liberation Day" tariffs against dozens of countries in April. China remains perhaps the biggest unresolved case.

The two sides backed off the brink during bilateral talks in Geneva in May and agreed to a 90-day pause — which is set to end on Aug 12 — of those sky-high levels. They currently stand at US tariffs of 30 per cent on Chinese goods, and China’s 10 per cent tariff on US products.

Other issues on the agenda include access of American businesses to the Chinese market; Chinese investment in the US; components of fentanyl made in China that reach US consumers; Chinese purchases of Russian and Iranian oil; and American steps to limit exports of Western technology, like chips that help power artificial intelligence systems.

(with inputs from AP, AFP)

Saurabh Verma

Saurabh Verma covers general, national and international day-to-day news for News18.com as a Senior Sub-editor. He keenly observes politics. You can follow him on Twitter --twitter.com/saurabhkverma19

Saurabh Verma covers general, national and international day-to-day news for News18.com as a Senior Sub-editor. He keenly observes politics. You can follow him on Twitter --twitter.com/saurabhkverma19

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