Chinese and U.S. trade officials were heading into a second day of meetings in the Swedish capital Tuesday to try to break a logjam over tariffs that have skewed the pivotal commercial ties between the world’s two largest economies.

The US and China have started a fresh round of talks as expectations grow that the world's two biggest economies could agree a 90-day extension to their trade war truce.

Amundi’s Guy Stear says a potential US–China trade deal could mirror recent agreements with Japan and Europe, involving modest tariff cuts, specific US export purchase targets, and defined levels of Chinese investment in the US.

Delegations from the United States and China will meet Monday in Stockholm, Sweden to keep the current trade truce alive and possibly negotiate a permanent deal.

Former Under Secretary of Commerce for International Trade Stefan Selig said the ongoing U.S.-China trade discussions will likely result in continued dialogue rather than a comprehensive agreement.

Taiwan's President Lai Ching-te is set to delay a diplomatically sensitive trip his team had floated to the Trump administration for August that would have included stops in the United States, according to three people familiar with the matter.