Top US and Chinese officials are meeting in Stockholm for a critical round of trade negotiations, with both sides expected to extend their current tariff truce by another 90 days. The talks aim to prevent the reimposition of steep tariffs on billions of dollars in goods, as an August deadline looms. Key issues include China's export dependence, economic imbalances, and broader geopolitical concerns such as oil purchases from Russia and Iran. The extension is seen as a move to stabilize markets and pave the way for a potential summit between President Trump and President Xi later this year. While optimism is rising, a comprehensive long-term trade deal remains elusive.
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