US, China Agree To Extend Tariff Truce

US and Chinese negotiators have concluded their latest trade talks in Stockholm. The two sides have agreed to extend their tariff truce. Chinese trade negotiator Li Chenggang confirmed the extension to reporters. He stated that the talks were candid and in-depth. Both countries will continue close communication moving forward. These meetings followed previous rounds in Geneva and London. The extension aims to continue the pause on reciprocal tariffs. Without an extension, US tariffs on China were set to increase significantly on August 12th. Details of the extension have not yet been released. This agreement signals a continuation of the ongoing trade discussions between the two economic powers.