BEIJING and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning today, the South China Morning Post (SCMP) reported yesterday, citing people familiar with the matter.
During the expected 90-day extension, the US and China will agree not to introduce new tariffs or take other actions that could further escalate the trade war, the report said.
While the earlier discussions in Geneva and London focused on “de-escalation”, the latest meeting the Chinese delegation will also press President Donald Trump’s trade team on fentanyl-related tariffs, the report further said, citing three sources familiar with the matter.
Reuters could not immediately verify the report. The White House did not immediately respond to requests for comment.
The third round of US-China talks is set to be held in Stockholm today to tackle longstanding economic disputes at the centre of the countries’ trade war.
China is facing an August 12 deadline to reach a durable tariff agreement with Trump’s administration, after Beijing and Washington reached a preliminary deal in June to end weeks of escalating tit-for-tat tariffs.
Without an agreement, global supply chains could face renewed turmoil from duties exceeding 100 per cent.
The Stockholm talks will be led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng.
Trade analysts on both sides of the Pacific say the discussions in the Swedish capital are unlikely to produce any breakthroughs but could prevent further escalation and help create conditions for Trump and Chinese President Xi Jinping to meet later this year.
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