Stockholm talks .. America and China continue to work to extend the commercial truce

The United States and China will continue to work to extend a truce in the trade war, in which the two countries are reducing the customs exchanges of levels that exceeded 100 percent, according to the official Chinese news agency quoted China’s commercial representative Lee Qingang.
Chengang’s comments reported by the new Xinhua news agency came after negotiations with his American counterparts, including Treasury Secretary Scott Besent, in Stockholm with the approaching final deadline before re -imposing mutual fees.

Customs

The two largest economic powers in the world exchanged a high imposition on the products of each of them this year, exceeding one hundred percent, and causes of supply chains.
The two parties later agreed to reduce the fees temporarily after high -level talks hosted by Geneva in May, in a truce that expires on August 12.

Stockholm talks

Xinhua stated that Washington and Beijing reached a consensus two days after the talks in Stockholm to continue to work to extend the decision to suspend the imposition of high fees.

He added, according to Xinhua: “The talks were” frank, in -depth and a constant. “
He stated that the two countries exchanged views on major commercial and economic issues that are concerned and will continue their contacts.
Since his return to power in January, US President Donald Trump has imposed large -scale customs duties that targeted all allies and competitors of his country, as well as separate fees higher on US imports of steel, aluminum and cars.
Dozens of economies other than China are facing high US customs duties that will be applied on Friday unless they reach agreements with Washington.