Space News from SpaceDaily.com
China, US to push for tariff truce extension after talks
ADVERTISEMENT


Stockholm, July 29 (AFP) Jul 29, 2025
The United States and China will push for an extension of a trade truce that has seen them lower tit-for-tat tariffs from punishing levels, China's international trade representative said Tuesday, according to state news agency Xinhua.

Li Chenggang's comments came after Chinese officials' negotiations with US counterparts including Treasury Secretary Scott Bessent in Stockholm, Sweden, as a deadline for levies to rebound approached.

The world's two biggest economies had slapped escalating tariffs on each other's goods this year, with duties reaching triple-digit levels and snarling supply chains.

But both sides agreed to temporarily lower the levies after high-level talks in Geneva in May, a pause due to expire August 12.

Washington and Beijing have since reached consensus following two days of talks in Stockholm to continue pushing for an extension of the tariff suspension, Xinhua reported.

Li had said that the talks were "candid, in-depth, constructive," the Xinhua report added.

The countries exchanged views over major trade and economic concerns, and are due to maintain close communications, Li said.

Since returning to the presidency in January, US President Donald Trump has imposed sweeping tariffs on allies and competitors alike, alongside separate steeper rates on US imports of steel, aluminum and autos.

While China faced a mid-August deadline for tariffs to bounce back to higher levels, dozens of other economies are facing elevated tariffs to come Friday, unless they reach deals with Washington.


ADVERTISEMENT





Space News from SpaceDaily.com
Eris rocket debut signals new chapter for Australia's launch ambitions
Slingshot unveils TALOS AI to simulate and support strategic space operations
SpaceX scrubs static fire test of Falcon 9 due to issue

24/7 Energy News Coverage
US says Trump has 'final call' on China trade truce
The complex relationship between fusion fuel and lithium walls
Russia wants to mine Niger's uranium, energy minister says

Military Space News, Nuclear Weapons, Missile Defense
Boeing X37B Spaceplane Prepares for Eighth Orbital Test Mission
BlackSky secures next stage of Navy contract for optical satellite link upgrades
Israel military intercepts Huthi missile fired from Yemen; Gaza civil defence says Israel strikes kill 30

24/7 News Coverage
US, India to launch powerful Earth-monitoring satellite
Cosmic dust particles reveal snapshot of Earth's ancient air
'Food on table' outweighs health risks for Philippine e-waste dismantlers



All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.