Mon, 28 Jul 2025

Mon, 28 Jul 2025 US-China talks restart as hopes grow for trade war truce extension

The talks in Sweden to come hours after US President Donald Trump announced a deal with the European Union.
- Talks led by Treasury Secretary Scott Bessent and Vice Premier He Lifeng - US President Donald Trump announced framework tariffs deal with European Union earlier - Current 90-day truce between US and China ends on August 12 - Trade tensions between countries have seen import levies raised to over 100% since January - Previous talks resulted in temporary lowering of tariffs on each other's goods - Hong Kong-based South China Morning Post reports three-month extension expected - Financial Times says US has frozen technology exports restrictions to aid trade talks - Restrictions were previously imposed due to concerns over high-end chips being used by Chinese military - Latest round of talks follows deals with European Union and Japan in last week
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