China and US to extend tariff pause by 90 days after Sweden talks

Jul 27, 2025, 3:09:54 PM UTC(10 days ago)

Impact: Medium

CHINA, US TO EXTEND TARIFF PAUSE AT SWEDEN TALKS BY ANOTHER 90 DAYS- SCMP

China and the United States are expected to extend their tariff truce by another three months following trade talks in Stockholm.
The initial 90-day tariff suspension, agreed upon in May, was set to expire on August 12.
US Treasury Secretary Scott Bessent stated that an extension is likely to be worked out during the Stockholm discussions.
While an extension is anticipated, sources indicate that breakthroughs on specific trade issues are unlikely, though no escalation of the trade war is expected.
Chinese experts prioritize the removal of fentanyl-related tariffs, with China having recently added more fentanyl precursors to its controlled substances list.

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