Overview
- Talks resumed on July 29 in Stockholm with U.S. and Chinese negotiators convening at the Swedish government seat for a two-day session.
- Treasury Secretary Scott Bessent leads the U.S. team and Vice Premier He Lifeng heads the Chinese delegation in efforts to push back the moratorium’s mid-August deadline.
- Bessent indicated a further extension of the moratorium agreed in mid-May is likely after both sides reduced reciprocal duties for 90 days.
- A Chinese foreign ministry spokesperson said Beijing aims to strengthen cooperation, reduce misunderstandings and promote sustainable U.S.–China ties through dialogue.
- Parallel to the China talks, Washington and Brussels confirmed a separate deal to impose 15% tariffs on most European imports from August 1 alongside new EU investment commitments.