US and China to talk in Stockholm on trade with eye on Trump-Xi summit later this year

U.S. and Chinese officials are meeting in Stockholm to discuss trade tariffs and a potential summit between their leaders. U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are holding talks, marking their third meeting this year. Analysts say they are likely to agree on maintaining current tariff levels while working toward a more lasting trade deal. The U.S. currently taxes Chinese goods at 30%, while China imposes a 10% tariff. The talks may also address issues like China’s industrial overcapacity and fentanyl-related tariffs, with hopes of reaching a deal to be announced when U.S. President Donald Trump and Chinese leader Xi Jinping possibly meet later this year.