US-China Trade Talks in Stockholm: Truce Extension Uncertain Pending Trump’s Approval

Following two days of what officials described as “constructive” discussions in Stockholm, the United States and China have agreed to continue working towards an extension of their current 90-day tariff truce. The talks, concluded on July 29th, sought to de-escalate the ongoing trade war between the world’s two largest economies, a conflict that carries significant implications for global economic stability.

Trump’s Approval Key to Truce Extension

While both sides expressed a willingness to continue negotiations, a concrete agreement on extending the existing tariff truce hinges on securing the approval of US President Donald Trump. This introduces a layer of uncertainty to the process, leaving the future of the trade war hanging in the balance.

Global Economic Growth at Risk

The ongoing trade dispute between the US and China poses a substantial threat to global economic growth. The tariffs imposed by both countries have already begun to impact businesses and consumers worldwide. A prolonged trade war could further destabilize the global economy, making a resolution through continued negotiations all the more critical.