$BTC #ETH China-US talks end in 5 hours of silence, Trump admits: China's attitude is unexpectedly tough.

On July 28, 2025, a new round of China-US economic and trade negotiations kicked off in Stockholm, Sweden. This negotiation attracted significant attention, not only because both sides talked for a full five hours but also because it is a game stuck at a delicate time node. The previously agreed "tariff truce agreement" will expire on August 12, and both sides' window period is already very limited. If the negotiations fail, the risk of an escalating trade war will be inevitable, and the global supply chain may also be impacted.

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After the negotiations on the 28th, representatives from both China and the US did not disclose any details to the outside world but instead quickly left the venue. This silence itself reveals a lot of information: perhaps the content of the negotiations is too sensitive, or perhaps both sides are still deadlocked on core issues. According to information revealed by US officials, tariffs remain one of the core issues of the negotiations, along with China's purchases of oil from Russia and Iran, and the US's concerns about the circulation of fentanyl raw materials.

The tariff issue is the focal point of disagreement between the two sides. The US insists that the 20% special tariffs imposed on Chinese goods will not be easily lifted, citing that lifting them would result in rates lower than those of the EU and Japan, which cannot be explained in US domestic politics. In contrast, China clearly stated that negotiations must be based on the principles of "equality, respect, and reciprocity," refusing any principle-less compromise. The People's Daily published an article the day before the talks emphasizing: "Sincerity does not equal principle-less compromise; negotiations have bottom lines, and cooperation has principles." China's stance is very clear: it will not sacrifice long-term development for short-term benefits.