US-China officials meet in Sweden as August tariff deadline looms

Senior American and Chinese officials in Sweden meet this week in a great effort to secure a trade agreement before waving on the horizon on the dates of the introductory ends between the world’s largest economists.

The talks, which started at about nine in the morning, led by US Treasury Secretary Scott Besent and Chinese Deputy Prime Minister is Leving. It represents a continuation of the previous negotiating rounds in Geneva and London and focuses on extending the current commercial truce that ends on August 12.

The Trump administration is racing to end commercial deals before a deadline on August 1 to a sharp tariff announced by the president in April. Last week, President Donald Trump concluded agreements with the European Union and Japan – each of which will now face a 15 % tariff on exports to the United States

However, China, the largest commercial partner in America, is still the largest question mark.

According to The South China Mooring Post, both sides are expected to extend on the deadline on August 12 for another 90 days to allow more time for negotiations. The Treasury refused to comment, but last week, Besent hinted that the renewal of “90 -day increases” was under study.

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“Both sides have canceled the escalation, and I think we can enter a very good rhythm from normal meetings with them,” Pesin said in an interview on Bloomberg TV.

On Sunday, Trump suggested that it be a breakthrough.

“We have concluded a deal with Japan, as you know, and we are very close to a deal with China,” he said.

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The US Secretary of the Treasury, Scott Besin, the American Trade Representative, Jameson Jarir, the international trade representative in China and the Deputy Minister of Trade Li Chengngang, and the Chinese Deputy Prime Minister in Geneva, in Geneva in May. (Keystone/Eda/Martial Trezzini/Bulletin via Reuters)

The Chinese Deputy Prime Minister is LIFENG to hold talks with the United States in Sweden this week. (News Agency TT/Frederick Sandberg via Reuters)

List of long discussion topics: Export restrictions in China on critical minerals The United States relies on managing all kinds of technologies, which prevents the flow of fentanel that arises in China to the United States, which is American concerns about China’s purchases of Russian and Iranian oil and modern exit, preventing American citizens from leaving China. Experts suggested that Tiktok ownership to an American company may also be on the table.

Despite the increasing tensions in the Indian Pacific Ocean-where US military officials continue to prepare for a potential conflict with China-it appears that economic relations between Washington and Beijing are roaming.

Trump recently launched the idea of visiting China in the near future. In response, Beijing has eased the restrictions imposed on rare Earth magnet exports, while Washington gave the green light to Chinese companies to buy the H20 semiconductor chip from NVIDIA.

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In April, Trump amazed the markets with a comprehensive tariff of 145 % on Chinese imports, which led to an immediate response from President Xi Jinping, who slapped a 125 % tariff for American goods. A temporary truce of 90 days followed, restoring customs tariffs to approximately 30 % of Chinese goods entering the United States and 10 % of US exports to China.