The US and China will resume negotiations in Stockholm next week to resolve the trade conflict
The US Treasury Secretary has indicated that the two countries will consider extending the border tax truce agreed until August 12, among other measures.
The United States and China will resume negotiations to resolve the trade conflict next week in Stockholm , Sweden, according to US Treasury Secretary Scott Bessent.
"I will be in Stockholm on Monday and Tuesday with my Chinese counterparts and we will probably work on an extension (of the border tax truce)," Bessent said in an interview with the American television station Fox Business.
According to Bessent, following the latest agreements with China and in what appears to have "stabilized" trade, the Asian giant's "excessive" manufacturing capacity and oil purchases from countries like Russia or Iran, among others.
The US will also try to persuade China to make the transition to a manufacturing economy. "It accounts for 30% of global manufacturing (China), which is unsustainable," Bessent added.
For the time being, the Chinese authorities have not confirmedthe resumption of negotiations, but Swedish Prime Minister Ulf Kristersson said: "I look forward to meeting representatives of the United States and China. Welcome to Sweden!" he wrote on the X social network.
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