After 2 days of negotiations without concrete advances, the countries decided to work for the extent of the agreement signed in May
Representatives of and finalized the 2nd and last day of the rounds of commercial negotiations in Stockholm, Sweden, this 3rd (29.Jul.2025). The delegations agreed to work for 90 days established on May 14, 2025, but without announcing advances or duration of extension.
The main commercial negotiator of, Li Chenggang, told reporters that “Both sides will continue to press the continuous extension of the break in the part of 24% of reciprocal tariffs on the US side, as well as the countermeasures on the Chinese side.”.
He did not provide details about when and how long a possible extension of the tariff will come into force. It has not yet issued a public statement about the agreement, as well as the US Commercial Representation Office).
Its main objective was to reduce tensions in the trade war. Delegations discussed economic issues in a context of efforts to avoid increasing protectionist measures between the two powers. The information is from Reuters.
The negotiations led by the Chinese vice-prime minister and the US Treasury Secretary (Republican Party). They were completed before the end of 90 days to resume the rates of up to 145% imposed by the Chinese side and up to 125% by the American side.
Conversations can prepare terrain for one among the leaders of the two nations in late 2025, act without official confirmation.
On last Monday (28.Jul), the US suspended restrictions on technology exports to China, as a way to facilitate negotiations and make way for a meeting between (Republican Party) and.
