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In the wake of the Trump administration’s trade deal with the European Union, investors have turned to watching for other agreements ahead a deadline at the end of this week — and they’re looking for progress in talks with China,
STOCKHOLM: The US and China have made some headway in their latest trade talks, raising hopes that US President Donald Trump and Chinese President Xi Jinping could meet later this year.
Questions, critiques and discrepancies are hanging over the framework agreement, but investors seem to view it as a win all the same.
The United States and China are poised to start a fresh round of talks in Sweden, aiming to extend a temporary trade truce that held back triple-digit tariffs while the world’s two biggest economies try to broker a lasting deal.
The Stockholm meeting — following similar talks in Geneva and London in recent months — is set to extend a 90-day pause on those tariffs. During the pause, U.S. tariffs were lowered to 30% on Chinese goods, and China set a 10% tariff on U.S. products.
"The biggest piece in the trade deal puzzle still remains, and the Chinese are unlikely to be as willing to fold."