The U.S. and China, the worlds two biggest economies, reunited in Stockholm, Sweden, this week for a fresh round of trade negotiations. Building on breakthroughs made in London, both sides are aiming to keep the momentum going as a 90-day tariff pause nears its mid-August deadline.
Back in London, negotiators agreed to slash duties that once topped 100% on key exports from each side. Now in Stockholm, diplomats are eyeing an extension of that pause and exploring deeper cooperation on critical industries.
Recent wins have already softened tensions: Washington greenlit the resumption of selected high-end semiconductor exports to Beijing, while Beijing loosened restrictions on rare earth minerals vital building blocks for everything from smartphones to defense systems. As negotiators roll up their sleeves, businesses and tech enthusiasts across the G20 are watching closely, eager to see if this fragile warmth will turn into lasting stability.
With global supply chains on edge and markets craving clarity, all eyes are on Stockholm. Can these talks rewrite the rules of engagement and set a new course for global trade? The coming days will reveal whether this latest chapter ushers in a new era of collaboration or merely buys time for the next deadline.
Reference(s):
cgtn.com
