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US and China to talk in Stockholm on trade with eye on Trump-Xi summit later this year
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FILE - Treasury Secretary Scott Bessent arrives at the White House, Wednesday, July 16, 2025, in Washington. - photo by AP Photo/Alex Brandon,File
WASHINGTON (AP) — When top U.S. and Chinese officials meet in Stockholm, they are almost certain to agree to at least leaving tariffs at the current levels while working toward a meeting between their presidents later this year for a more lasting trade deal between the world's two largest economies, analysts say. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to hold talks for the third time this year — this round in the Swedish capital, nearly four months after President Donald Trump upset global trade with his sweeping tariff proposal, including an import tax that shot up to 145% on Chinese goods. “We have the confines of a deal with China,” Trump said Friday before leaving for Scotland.