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US-China trade talks in Stockholm concluded without a tariff deal, but both sides expressed optimism. A decision on extending a tariff pause, set to expire August 12th, rests with President Trump. While Chinese officials suggested an extension was agreed upon, US officials clarified that no final decision has been made. Discussions also covered rare-earth mineral export controls and China's economic rebalancing. President Trump remains hopeful and plans to meet with President Xi Jinping later this year.

Prepared by Christopher Adams and reviewed by editorial team.