U.S., China to hold trade talks in Sweden
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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.
As President Donald Trump’s team continues talks with Chinese officials in Stockholm, some European companies were getting a boost from the trade deal over the weekend that left rates lower than feared.
Commerce Secretary Howard Lutnick said a 90-day extension of a trade truce with China was a likely outcome with negotiations between the two countries underway in Stockholm.
The United States and China are poised to start a fresh round of talks in Sweden, aiming to extend a temporary trade truce that held back triple-digit tariffs while the world’s two biggest economies try to broker a lasting deal.
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.
China’s trade had its worst week in almost three months, a sign this year’s record-breaking volumes may be starting to slow.