US and China to increase tariff pause by one other 90 days – report

China and the US are anticipated to increase their tariff truce by one other three months at commerce talks that start on Monday in Stockholm, in response to the South China Morning Put up, citing individuals acquainted.

The suspension was set to run out on August 12.

In the course of the third spherical of commerce negotiations between the world’s two
greatest economies, each will expound their views on main sticking
factors – such because the US’ issues over China’s industrial overcapacity – reasonably than obtain particular breakthroughs, the sources mentioned.

Within the upcoming assembly the Chinese language delegation may even press Trump’s commerce crew on fentanyl-related tariffs, the report says, together with readability on thresholds the US facet is attempting to realize.

This text was written by Adam Button at investinglive.com.