All eyes are on Stockholm today: US and Chinese delegations are at the negotiating table in Sweden’s capital, trying to chart the future of global trade. Both countries are aiming to extend a 90-day “tariff truce” and avoid further hikes in customs duties.

Why does it matter? In recent months, both the US and China have raised import tariffs to triple-digit percentages. For now, new tariffs are “on hold,” keeping the door open for dialogue rather than escalation.

The Chinese delegation is demanding more clarity—especially on extra tariffs linked to fentanyl. Meanwhile, the US wants a crackdown on “synthetic drug trafficking” and is keeping the tariff threat on the table as leverage.

Even amid this cyclical tension, the extension of the truce sends a ray of hope to global markets. But do you think this ceasefire is a genuine solution, or just buying more time?