What happened at the U.S.-China trade talks in Sweden?

The U.S.-China trade talks in Sweden concluded on Tuesday without a trade truce extension.

Home / Business and Economy / U.S.-China Trade Talks End Without Truce Extension

U.S.-China Trade Talks End Without Truce Extension

Q: When will the U.S. tariffs on Chinese goods increase?

The U.S. tariffs on Chinese goods will "boomerang" back up to their April levels if an extension is not reached by the Aug. 12 deadline.

30 Jul

•

Summary

No trade truce extension reached in U.S.-China talks
U.S. tariffs on Chinese goods to rise if no deal by Aug. 12
Trade teams to meet again in 90 days

U.S.-China Trade Talks End Without Truce Extension

The much-anticipated U.S.-China trade talks in Sweden concluded on Tuesday with no trade truce extension. According to Treasury Secretary Scott Bessent, any decision would have to be signed off by President Donald Trump. While Bessent told Trump the meeting with China was "very good," he warned that U.S. tariffs on Chinese goods will "boomerang" back up to their April levels if an extension is not reached by the Aug. 12 deadline.

The trade teams will likely meet again in another 90 days, Bessent added. Investor sentiment took a hit, with mixed corporate earnings and forecasts compounding the gloom and sending markets lower after recent gains. However, there were some bright spots, such as Boeing narrowing its quarterly losses and Starbucks' CEO reporting signs of a turnaround.

All eyes are now on the Federal Reserve, which concludes its policy meeting on Wednesday. Other key economic data, including a reading of gross domestic product and private payroll data, are also due out this week.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.