US-China Trade Talks in Sweden End Without a Deal, Tariffs to Resume August 12

Trade negotiations between the United States and China have ended without a deal after a two-day meeting in Sweden, leaving the world’s two largest economies on track to reimpose heavy tariffs on each other’s imports.

Officials confirmed that without an agreement, tariffs will resume on August 12, reversing the temporary truce that has been in place since May.

In a statement to media outlets, Chinese officials said that while talks have not yet produced a breakthrough, both sides will continue to work toward an eventual agreement. They also indicated that even if a deal is reached, discussions will continue over how to manage a scheduled extension of the tariff reductions.

The breakdown underscores the high stakes of the ongoing trade dispute, which has already impacted supply chains and global markets.

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