Top economic officials from the United States and China met in Stockholm on Monday to discuss extending the trade truce between the two nations. This meeting is crucial as it aims to resolve ongoing economic disputes that have been central to the trade war between these global economic powerhouses.
What Happened: U.S. Treasury Chief Scott Bessent and China’s Vice Premier He Lifeng were among the key figures present at the meeting, which took place at Rosenbad, the Swedish prime minister’s office, reported Reuters. The discussions, which lasted over five hours, are part of efforts to extend a trade truce by three months. China faces an August 12 deadline to finalize a durable tariff agreement with President Donald Trump‘s administration.
