🇨🇳 China Praises the U.S. for Patience in Trade Negotiations
The Chinese ambassador to Singapore stated that the U.S. has shown "goodwill" in the negotiations. This could signal an extension of the ceasefire in the trade war, which expires on August 12.
📋 Details:
⚫ Ambassador Cao Zhongming: "The U.S. has shown patience and goodwill."
⚫ The Stockholm meeting is the third one in 3 months between U.S. and Chinese delegations.
⚫ Trump has not yet made a final decision — U.S. Treasury Secretary Scott Bessen will inform him.
⚫ China is confident the tariff ceasefire will be extended.
📄 Context:
⚫ The U.S. is conducting parallel negotiations with the EU, Japan, India, and Korea.
⚫ Singapore, where the ambassador spoke, is under close scrutiny following a record money laundering case involving Chinese nationals.
⚫ According to Cao, the freezing of money transfers in Singapore was temporary and has already been lifted.
“I believe in three months’ time, we can do a lot of things together” — Ambassador Cao Zhongming.
China and the U.S. are signaling a reduction in tensions. In the coming days, Trump will decide whether to extend the ceasefire or reinstate tariffs. The stakes are global.