US Treasury chief says trade talks with China to continue next week in Sweden
Bessent told Fox Business that he would be speaking with Chinese officials on Monday and Tuesday for a third round of high-level talks in Stockholm – following face-to-face discussions he held with Chinese Vice Premier He Lifeng in Geneva and London – to work out a likely extension of the pause beyond mid-August.
Beijing has yet to confirm the Stockholm talks, but Swedish Prime Minister Ulf Kristersson confirmed in a post on X on Tuesday that his country would play host to the US-China negotiations next week.
After US President Donald Trump's announcement of 'reciprocal' tariffs on April 2, Washington and Beijing raised punitive levies on each other's exports to triple-digit percentage levels.
Since then, trade relations have thawed somewhat as the countries have engaged in talks, marked by a June telephone call between Trump and Chinese President Xi Jinping.
On Monday Bessent said that the talks were 'in a good place', a sanguine take on negotiations echoed by Beijing's embassy in Washington, which said 'new progress' had been made in resolving each other's economic and trade concerns.
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