Both powers aim to extend for 90 days the pause in the commercial conflict started six months ago. This Monday meets high level delegations to negotiate a new understanding.
High negotiators of United States (USA) and China meet this Monday In Stockholm to seal a Extension for three months of the truce in the tariff war Between the two main economies of the world. The extension, confirmed by Chinese official media this Sunday, seeks open a new dialog window before the original deadline for August 12 comes.
The decision was agreed from high -level efforts between Washington and Beijing. This Monday, both delegations are 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.
Stockholm conversations, led by US Treasury Secretary, Scott Besent, and the vice -first Chinese minister, He Lifeng, are given just after the major commercial agreement of Donald Trump to date, in which the European Union Accept a 15% tariff on its exports of goods to the US and agreed to make important community purchases of American energy and military equipment.
The agreement reached on Sunday in Scotland with the president of the European Commission, Ursula von der Leyen, also provides EU investments in the US for US $ 600,000 million, Trump told journalists.
A similar advance in the conversations between the United States and China is not expected, but commercial analysts said that another 90 -day extension of the tariff truce and control of exports agreed in mid -May was likely.
China USA Tariff War
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Donald 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
