Trade talks between the USA and China concluded without an agreement on tariffs

• Negotiations in Stockholm did not yield an agreement on tariffs.
• Tariffs may rise again on September 12 without an extension of the truce.
• The USA and China plan to continue discussing important economic issues.

The USA and China concluded a new round of trade talks in Stockholm, but did not achieve significant results. Both sides described the negotiations as "constructive," but without an agreement on extending the truce, which ends on September 12, tariffs may rise again.

US Secretary of State Scott Bessent noted that the decision to extend the truce depends on President Donald Trump. Chinese trade representative Li Chengang confirmed that both sides are eager to reach an agreement.

Negotiations took place against the backdrop of strained relations between countries, which include US demands for China to sell TikTok and restrict the export of critical minerals. If the truce is not extended, tariffs could "return" to high levels, according to American officials.

According to Bessent, the USA may have some impact following recent agreements with Japan and the EU, but the country does not plan a full "decoupling" from China. It is important to reduce risks in strategic sectors, such as rare earth elements and semiconductors.

Tags: USA/China/Economy