In a pivotal round of talks in Stockholm on Tuesday, top trade officials from the Chinese mainland and the U.S. agreed to extend the current tariff pause for another 90 days. This move, pending U.S. President Donald Trump’s approval as noted by U.S. Treasury Secretary Scott Bessant, is seen as a positive step toward diffusing tensions and paving the way for a potential leaders' summit this fall 🤝.
Experts like Sun Taiyi and Cui Fan emphasized that the extension reflects a mutual desire to avoid a costly tariff war. The discussions covered a range of topics—from trade tariffs and export controls to macroeconomic policies and technology restrictions (like those impacting AI semiconductors and Huawei chips). For young professionals and tech enthusiasts in South and Southeast Asia, these developments highlight how global trade policies can shape market trends and the technology ecosystem 🌐.
Although some international media describe the talks as a routine extension without major breakthroughs, the overall sentiment remains cautiously upbeat. Comments during the discussions also touched on broader issues, including travel and policy challenges related to Taiwan, indicating that both sides prefer dialogue over escalation.
Ultimately, while significant challenges persist, this extension signals a shared commitment to stabilizing economic relations through constructive engagement and mutual respect. Stay tuned as these negotiations continue to influence global trade and technology trends.
Reference(s):
cgtn.com