On the evening of the 29th, in Stockholm, Sweden, China and the United States reached a consensus at a new round of trade talks, pledging to continue pushing for a 90-day extension of the suspended 24% U.S. reciprocal tariffs and China's countermeasures. However, the U.S. side stated that Trump will be the final decision-maker and will receive a briefing on the progress of the negotiations and make a decision on the 31st Beijing time.
During the negotiations, both China and the United States have expressed positive sentiment regarding the continued extension of tariffs, but there are still uncertainties. Reports from the U.S. side differ somewhat from those from my country. The U.S. Treasury Secretary stated that the final decision will be made by Trump and that further negotiations on the rare earth issue may take place within the next 90 days, but the probability of a further 90-day extension remains high.
