American and Chinese officials have today completed their two -day talks in Stockholm, with the aim of resolving their long -term financial differences and avoiding a escalation of the trade war between the world’s two largest economies.
Although he did not announce any significant progress, China’s head, Lee Chengang, said the two sides agreed to push for an extension of the “tariff truce” declared in mid -May. However, he did not specify how long this truce would be extended.
The Chinese News Agency described the talks as “constructive”, noting that the two countries “will continue to work” to extend their trade truce.
These talks could pave the way for a meeting between US and China presidents, Donald Trump and Si Jing later this year. However, Trump denied that he asked for a meeting and Beijing’s representatives made no mention of that.
After threatening the US trade partners for months, Trump has reached trade agreements with the European Union, Japan and other countries. But China’s strong economy and the fact that it controls much of the world trade of rare land make these conversations particularly complicated.
In May, both sides withdrew from the imposition of a three -digit duty on each other, which would be equivalent to bilateral trading embargo. But refueling chains and financial markets can be faced with a new turmoil, in the absence of an agreement.
Source: Skai
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