by David Lawder
Stockholm (Reuters) – The United States and China will resume its commercial negotiations on Monday in Stockholm, Sweden, in order to extend their truce in terms of customs duties.
China is faced with a deadline of August 12 to reach a sustainable pact with the Trump administration, after Beijing and Washington concluded a preliminary agreement in June to end weeks of climbing in customs duties.
In the absence of agreement, global supply chains could be disturbed again by customs duties above 100%.
Stockholm negotiations, led by the American secretary to the Treasury Scott Bessent and the Chinese Deputy Prime Minister He Lifeng will take place the day after a meeting in Scotland between the president of the European Commission Ursula von der Leyen and the American president Donald Trump during which a commercial agreement establishing customs duties of 15% on most of the 27 EU products concluded.
No similar advance is expected in the negotiations between Washington and Beijing, but analysts estimated that it was likely to see the three -month truce concluded between the first two world economies to be prolonged.
If such a truce was concluded, this would avoid a new escalation and facilitate the planning of a possible meeting between Donald Trump and Chinese President Xi Jinping in the fall.
“We are very close to an agreement with China. We have sort of concluded an agreement with China, but we will see what it is,” said Donald Trump on Sunday.
( Camille Raynaud)
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