US-China trade talks continue in Stockholm, Trump to decide outcome

Bessent, who led the US delegation together with Trade Representative Jamieson Greer, stated that on Wednesday, July 30, he would brief Trump on the remaining issues.

"There's still a couple of technical details to work out," said the US Treasury Secretary to reporters after two days of meetings with Chinese officials headed by Vice Premier He Lifeng.

According to the publication, the third round of trade talks between the US and China in less than three months concluded two weeks ahead of the August 12 deadline for resolving disagreements during the 90-day suspension of extremely high tariffs that threatened to disrupt bilateral trade.

"Adding an extra 90 days is one option," Bessent noted.

Chinese trade negotiator Li Chengang told reporters that the talks were frank and in-depth, and that close communication would continue.

Trump tariffs

On April 2, 2025, US President Donald Trump announced that he was imposing tariffs on goods from all countries worldwide.

By April 9, Trump had paused the customs tariffs for a number of countries, excluding China. The US president stated that countries would have 90 days to conclude trade agreements with the United States.

Later, the US and China announced that they had agreed on a 90-day trade truce.

Additionally, on July 28, it became known that the Trump administration had effectively suspended new restrictions on technology exports to China in order to avoid complicating trade negotiations with Beijing.

Media also reported that the US and China could extend the so-called tariff truce during talks in Stockholm, which began on July 28. The likely extension period would be no less than 90 days.