US-China trade talks in Stockholm concluded without a significant breakthrough, despite both sides calling the discussions "constructive." A May truce on tariffs is set to expire next month, potentially reigniting trade tensions. US Treasury Secretary Scott Bessent stated that President Trump will decide whether to extend the truce, while China's trade negotiator expressed hope for its preservation. Discussions covered various issues beyond tariffs, including TikTok and mineral exports. Failure to extend the truce by August 12th could lead to a return of higher tariffs.

Prepared by Christopher Adams and reviewed by editorial team.