US and China found an agreement in Stockholm: Customs ceasefire extended by three months

US and China after negotiations in Stockholm on Tuesday They extended the customs ceasefire for another three months. TASR reports this based on the TASS report, which appealed to the Swedish public service radio Sveriges Radio.

The US and China have agreed to extend customs concessions. This statement arose after two days of negotiations in Stockholm which The US Treasury Minister Scott Bessent and Deputy Prime Minister of the State Council of China Che Li-Feng,“He explained the radio correspondent.

After negotiations in Geneva representatives of the US and China In early May, they agreed to reduce duties by 115 % to 90 days. Cutures on Chinese goods imported to the US thus dropped to 30 % and US imports to China to 10 %. This agreement expires on 12 August. Negotiations in Stockholm were held on 28 and 29 July.

source