The United States and China have agreed to extend a tariff truce past next month’s deadline, according to Chinese negotiators.
U.S. and Chinese officials wrapped up two days of talks in Stockholm on July 29, with the two largest economies seeking to deescalate trade tensions.
China’s top trade negotiator, Li Chenggang, told reporters that the two sides agreed to extend the tariff pause beyond the Aug. 12 deadline following “comprehensive and in-depth” discussions. But he stopped short of confirming whether Washington and Beijing agreed to a timeline.
The U.S. tariff rate on Chinese goods will remain at 30 percent, and China will continue applying a 10 percent levy on U.S. products….