
The US-China trade war is not over yet
Stockholm, Sweden The United States and China have concluded two days of trade negotiations in Stockholm without reaching an agreement to extend the truce in their ongoing trade war. Shortly after the talks ended, US Treasury Secretary Scott Bessent, who led the American delegation, told reporters that any decision to extend the current 12 August deadline – at which point tariffs would revert to 34 per cent – rests solely with President Trump. A meeting between Trump and President Xi Jinping was not on the agenda. The Chinese delegation said both sides had agreed to ‘push’ for such an extension. Bessent, along with Trump’s trade adviser Jamieson Greer, told me