US, China resume trade talks in Stockholm amid pressure to extend tariff truce

Chinese and US officials concluded the first day of renewed trade negotiations in Stockholm on Monday, as the world’s two largest economies seek to extend a fragile truce in their ongoing tariff war under the leadership of US President Donald Trump.

The closed-door meeting, held in Sweden’s Rosenbad building—home to the Swedish government—ended shortly before 8:00 pm local time, with no immediate statement on the outcome. Talks are set to resume on Tuesday, according to a US Treasury Department spokesperson.

The renewed dialogue comes just two weeks before the expiration of a 90-day tariff truce between Washington and Beijing, set to lapse on August 12. The temporary agreement was reached earlier this year to pause escalating tariffs.

Trump, speaking during a visit to Scotland on Monday, warned Iran and other trade partners of steep consequences, while also confirming a new trade deal with the European Union, under which EU exports to the US will be taxed at 15 percent.

Trump has threatened to raise tariffs as high as 50 percent on trade partners like Brazil and India if deals are not finalized. Tariffs imposed by his administration have already raised US import duties to levels not seen since the 1930s, according to data from The Budget Lab at Yale University.