Top US and Chinese officials are meeting in Stockholm to negotiate an extension of their current tariff truce, which is set to expire soon. Reports indicate both sides are likely to agree on a 90-day extension, delaying the imposition of new tariffs on billions of dollars in goods. The talks aim to address longstanding economic disputes, including China's export dependence and US concerns over trade imbalances. This extension is seen as a move to stabilize global markets and pave the way for a potential Trump-Xi summit later this year. While optimism is cautious, the outcome could have significant implications for global supply chains and economic relations.
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