High-Stakes Dialogue: US-China Trade Talks in Stockholm

U.S. and Chinese officials engaged in talks in Stockholm to address ongoing economic disputes and a looming trade war. The meetings aim for a potential extension of a tariff truce and a future meeting between leaders. China's grip on rare earth minerals plays a key role in negotiations.

Officials from the U.S. and China resumed discussions in Stockholm this week to address enduring economic tensions and avert an escalating trade conflict. While immediate significant resolutions appear unlikely, the dialogue could lead to an extension of the current tariff truce agreed upon in mid-May.

The negotiations may also lay the groundwork for a possible meeting later in the year between President Donald Trump and China's President Xi Jinping. However, Trump has dismissed claims of actively pursuing such a meeting.

The stakes are high, as a failure to reach an agreement by the August deadline could reinstate high tariffs, jeopardizing global supply chains. China's strategic control over rare earth minerals strengthens its negotiating position.

(With inputs from agencies.)