Overview

• U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng wrapped a two-day Stockholm meeting, marking their third round of talks in under three months.
• Both sides agreed to seek an extension of the May-agreed 90-day pause on reciprocal tariffs before the August 12 deadline, subject to President Trump’s sign-off.
• Chinese Foreign Minister Wang Yi urged deeper engagement, warning against misjudgments and unilateral actions in bilateral relations.
• A People’s Daily commentary credited strengthened mutual trust to dialogue and described the truce extension as a cost-effective way to resolve trade disputes.
• Beijing and Washington are laying groundwork for a potential leaders’ summit around the APEC forum in South Korea later this year.