Top US, China officials to begin trade talks in Stockholm
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, who oversees his country's economic policy, will attend the talks.
The US and China have continued negotiations since they agreed in May to significantly cut additional tariffs on each other and pause a 24 percent portion of the slashed duties for 90 days.
The two countries signed a document last month agreeing to measures such as easing restrictions on rare earth elements exports.
Bessent stressed on Bloomberg TV last Wednesday that expansion of US agricultural exports to China is among the key issues. Aiming to reduce trade deficits, the US side will likely demand China open its market.
China is expected to demand that tariff measures by the administration of President Donald Trump be abolished.
The US set August 12 as the deadline for the pause on the 24 percent tariff.
Bessent indicated that the Trump administration could extend the deadline by another 90 days.
Extending the deadline is also expected to be discussed at the trade talks.
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