US and China to extend tariff pause by another 90 days – report
China and the US are expected to extend their tariff truce by another three months at trade talks that begin on Monday in Stockholm, according to the South China Morning Post, citing people familiar.
The suspension was set to expire on August 12.
During the third round of trade negotiations between the world’s two
biggest economies, both will expound their views on major sticking
points – such as the US’ concerns over China’s industrial overcapacity – rather than achieve specific breakthroughs, the sources said.
In the upcoming meeting the Chinese delegation will also press Trump’s trade team on fentanyl-related tariffs, the report says, including clarity on thresholds the US side is trying to achieve.
This article was written by Adam Button at investinglive.com.
