China and the United States are likely to agree to extend the current tariff truce for 90 days during the next round of negotiations, which starts in Stockholm. This is reported by the South China Morning Post newspaper, citing sources close to the dialogue. As part of the agreement, the parties will not impose new duties and will try not to escalate the trade standoff.
According to the interlocutors of the publication, no significant breakthrough is expected at the talks, but the parties plan to discuss the accumulated disputes, including duties on the supply of fentanyl. Beijing considers the current US tariffs of 20% unfair and is ready to compromise if additional restrictions are lifted.
The current agreement to reduce duties was reached in May at a meeting in Geneva and is valid until August 12. U.S. Treasury Secretary Scott Bessant said earlier that the talks in Sweden would touch not only on tariff issues, but also on topics such as China's energy purchases, including imports of Russian and Iranian oil.
