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International Business Times UK

World

Rohit David

US and China to Clash in Sweden: Will Trade Truce Survive Beyond August?

United States China Sweden Donald Trump Stockholm Scott Bessent Earth G20

US and China negotiate in Stockholm on 28 July 2025 to extend tariff truce, addressing fentanyl tariffs and rare earths, with global trade at stake. (Credit: X / Nicolás Fuster 🇦🇷🇪🇺 @mellamonicolas)

In order to prevent a resurgence of trade war between the world's two largest economies, US and Chinese negotiators are meeting in the Swedish capital of Stockholm today to extend a fragile tariff truce set to expire on 12 August.

Led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, the talks address global supply chain stability, US tariffs on fentanyl-related imports, and China's purchases of sanctioned oil.

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