Overview

• Two-day negotiations in Stockholm ended July 29 without a formal agreement but were described as constructive by both sides.
• Treasury Secretary Scott Bessent called the talks productive and emphasized that no agreement is final without President Trump’s sign-off.
• China’s negotiator Li Chenggang said Beijing and Washington have agreed to pursue preservation of the 90-day tariff truce.
• China’s Ambassador to Singapore, Cao Zhongming, praised US good faith and patience in the discussions and expressed optimism for future cooperation.
• The existing truce is set to expire on August 12 and its extension hinges on President Trump’s forthcoming decision following a final briefing.