US and China are expected to extend their tariff truce by another three months, the South China Morning Post reported, citing unnamed sources.
The two countries will not impose additional tariffs on each other during the extension, one of the sources told the newspaper. The current pause was to end Aug. 12.
The report comes ahead of trade talks between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng scheduled to start on Monday in Stockholm.
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Bessent said Tuesday that he expected a trade-truce extension to emerge from the next round of negotiations this week, which he said will include broader range of topics including Beijing’s purchases of oil from Russia and Iran.