Both powers will extend for 90 days the pause in the commercial war began six months ago. This Monday meets high level delegations to negotiate a new understanding.
United States and China reached a principle of agreement to extend by Three months the tariff truce that had been agreed during the first bars of its commercial war, formally started six months ago. The extension, confirmed by Chinese official media this Sunday, It seeks to open a new dialogue window before the original deadline planned for August 12.
The decision was agreed from high -level efforts between Washington and Beijing. This Monday, both delegations will meet in Stockholm To continue with the conversations, which already had two previous rounds in Geneva and London. While the previous negotiations concentrated on export issues, this new instance would include, according to transcended, the debate on the China’s role in the supply of chemical precursors used in fentanyl productiona priority concern for US administration.
China USA Tariff War
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Trump: “We are close to an agreement”
From Scotland, where she is meeting with the president of the European Commission, the President Donald Trump He assured that The United States and China are “close” to sign a new commercial agreementalthough he also warned that he will not accept pacts with tariffs below 15% in the European case.
The president positively valued his telephone conversation on June 5 with his Chinese couple, Xi Jinpingwhich would have generated a “more relaxed climate” between both powers. He even mentioned the possibility of realizing a face -to -face meeting at a future summit, although Beijing still officially confirmed that possibility.
While China avoided publicly detailing the concrete objectives that will lead to the table, he reiterated that any progress must be based on the principles of “equality, mutual respect and reciprocity”framed in the bilateral consultation mechanism. For the Asian giant, that institutional channel is key to strengthening strategic cooperation without impositions.
Both powers wish to maintain this extension of the truce as a path to Avoid the imposition of new tariffs or other unilateral measures that can climb the commercial conflict again. In the background, structural differences persist, but the will to dialogue remains alive from this extension.
Source: Ambito
