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US and China begin new round of trade talks

US Treasury chief Scott Bessent attends negotiations with China's vice premier in Sweden.

July 29, 2025 at 06:58 AM

US and China hold trade talks after Donald Trump eyes ‘world tariff’ - business live

Ongoing negotiations signal potential shifts in US-China trade relations.

US and China resume trade discussions amid tariff concerns

US Treasury chief Scott Bessent is in Sweden for trade talks with China led by vice premier He Lifeng. The discussions come after a US-EU trade agreement that limits tariffs to 15%. Although an extension of the trade truce appears possible, US trade representative Jamieson Greer warned against expecting major breakthroughs. President Trump has proposed a potential "world tariff" of 15% to 20% if agreements with other countries are not reached. Concerningly, market reactions have fluctuated as trade tensions simmer.

Key Takeaways

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Trade talks in Sweden involve key US and Chinese officials.

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An extension of the trade truce may be on the horizon.

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Trump's proposal for a world tariff raises concerns among nations.

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Market responses to trade news have been unstable recently.

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Recent US-EU trade agreement limits tariffs to 15%.

"What I expect is continued monitoring and checking in on the implementation of our agreement thus far."

US trade representative Jamieson Greer discusses ongoing trade agreements.

"I’d love to see China open up their country."

Trump expresses desire for increased openness from China during talks.

The latest talks between the US and China could reshape the trade landscape significantly. With tariffs already causing uncertainty, Trump's new proposal for a "world tariff" introduces further complications. The conflicting messages from various officials suggest that while negotiations may continue, the underlying tensions remain high. Investors should watch closely as these discussions unfold, as any sudden shifts could impact global markets.