China and the US have agreed to extend their tariff pause after holding constructive talks in Stockholm. The discussions, which lasted for two days, focused on significant issues of mutual concern, including¹ ²:

- *Tariff Rates*: The US will maintain its 30% levy on Chinese imports, while China will continue its 10% duty on American goods.

- *Trade Mechanism*: The talks utilized the China-US economic and trade consultation mechanism, aiming to stabilize trade relations and address economic issues.

- *Future Plans*: Both sides have agreed to keep close contact and communicate timely on trade and economic issues. US Treasury Secretary Scott Bessent noted that the tone of the talks was "very constructive," but emphasized that President Donald Trump would have the final call on any extension of the tariff truce.

*Key Discussion Points*:

- *Market Access*: Access of American businesses to the Chinese market

- *Chinese Investment*: Chinese investment in the US

- *Fentanyl Components*: Components of fentanyl made in China that reach US consumers

- *Oil Purchases*: Chinese purchases of Russian and Iranian oil

- *Export Limits*: American steps to limit exports of Western technology

The extension of the tariff pause is seen as a positive step towards stabilizing trade relations between the two largest economies. However, the final decision on any further extension will depend on President Trump's assessment.