In an energizing two-day session in Stockholm, Chinese and U.S. officials reached a promising consensus. The goal? To extend a 90‑day pause on key tariffs—a move that could help steady global trade flows. 😊
Chinese Vice Minister of Commerce Li Chenggang explained that both sides will work to continue the pause on the 24% tariffs on the U.S. side as well as the corresponding measures on the Chinese side. While details on the new period remain under discussion, U.S. officials mentioned that an additional 90‑day extension is a strong possibility—an idea previously floated by President Donald Trump.
This round of talks, conducted under an established economic and trade consultation framework and following earlier meetings in Geneva and London, is seen as critical to prevent a snapback to disruptive triple‑digit tariffs. Such tariffs, had they been reimposed, could have rattled global supply chains and unsettled markets.
China’s Vice Premier He Lifeng stressed that a stable, sound, and sustainable economic relationship between China and the U.S. not only benefits both sides but also contributes to global economic growth and stability. U.S. Treasury Secretary Scott Bessent added that another meeting between officials is likely to take place in about 90 days, underscoring the commitment to ongoing dialogue.
Analysts such as John Quelch of Duke Kunshan University noted that the talks provided deeper insights into each side’s economic challenges. He described the discussions as in‑depth, candid, and constructive, signaling a hopeful path ahead for balanced tariff adjustments and trade relations.
As both sides continue to navigate complex economic negotiations, this proactive engagement offers a reassuring sign for global markets and trade enthusiasts alike. Stay tuned for more updates on this evolving story!
Reference(s):
China, U.S. agree to seek further tariff pause after Stockholm talks
cgtn.com
