China and US agree to extend tariff pauses
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The US and China concluded two days of trade negotiations in Stockholm on Tuesday. They were trying to reach an agreement ahead of a deadline on August 12.
U.S. and Chinese officials are meeting in Stockholm to discuss trade tariffs and a potential summit between their leaders. U.S.
STOCKHOLM (Reuters) -Top U.S. and Chinese economic officials arrived on Tuesday at the venue where they are conducting their latest bilateral round of trade negotiations, this time held in Stockholm,
Both sides have agreed to maintain the current tariff rates, with the US continuing to impose a 30 per cent tariff on Chinese goods, and China maintaining a 10 per cent tariff on American products.
The Stockholm meeting — following similar talks in Geneva and London in recent months — is set to extend a 90-day pause on those tariffs. During the pause, U.S. tariffs were lowered to 30% on Chinese goods, and China set a 10% tariff on U.S. products.