The United States and China “will continue to work” to obtain an extension of their Tariff truce, said the International Trade Representative of China, according to the State News Agency, according to the State News Agency Xinhua.
The comments of Li Chenggang They occurred after negotiations with US delegates, including the Secretary of the Treasury, Scott BesentIn Sweden, and added that the conversations were “frank, deep and constructive,” Xinhua said.
The discussions were target, among other things, to prolong the 90 -day pause negotiated in May In Geneva and in force until August 12, which had ended mutual reprisals, which led to prohibitive tariffs.
This had allowed reducing customs rights over US and Chinese products, respectively of 125% and 145%, at a much more moderate level of 10% and 30%, which add to existing ones, on a series of products, before the return of Donald Trump To the White House at the end of January.
The United States and China – represented respectively by Treasury Secretary Scott Besent and the Vice Prime Minister He Lifeng – exchanged views on the main economic and commercial issues, and plan to maintain narrow communication, said Li Chenggang, cited by Xinhua.
The conversations in Sweden took place at the beginning of a decisive week for Trump’s commercial policy, since the tariffs applied to most of the leading business partners will see a sharp increase August 1.
