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US and China Hold Third Round of Trade Talks in Stockholm Amid Tariff and Trade Deficit Concerns

US and Chinese officials are holding their third trade talks in Stockholm, addressing tariffs, the US trade deficit, and industrial overcapacity to ease restrictions.

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Overview

A summary of the key points of this story verified across multiple sources.

  • US and Chinese officials, including Treasury Secretary Scott Bessent and Vice Premier He Lifeng, are conducting their third round of trade talks this year in Stockholm.
  • Discussions focus on persistent trade issues, including existing tariffs, the significant U.S. trade deficit with China, and concerns over China's industrial overcapacity.
  • Beijing is expected to advocate for the removal of the 20% fentanyl-related tariff, imposed by President Trump, aiming to ease current trade restrictions.
  • The U.S. aims to boost its exports to China and encourage Beijing's economic shift towards greater domestic consumer spending, fostering balanced growth.
  • High-level negotiations are vital for laying groundwork for a potential summit between President Trump and President Xi later this year, aiming to reduce misperception.
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Analysis

Compare how each side frames the story — including which facts they emphasize or leave out.

Center-leaning sources cover the US-China trade talks neutrally, focusing on factual reporting and providing balanced perspectives. They avoid loaded language, instead describing the situation objectively and attributing opinions to officials or experts. The coverage details the lack of breakthroughs, the expiring truce, and the key issues without editorializing.

"The US and China have wrapped up another round of trade talks without any major breakthroughs, despite discussions that both sides described as "constructive"."

BBC NewsBBC News
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"Momentum to extend the truce, in which both countries held off on imposing massive, triple-digit tariffs on imports on one another, came as a result of two days of U.S.-China talks in Stockholm."

USA TODAYUSA TODAY
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"The conversations are constructive and they’re going in the right direction."

ABC NewsABC News
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"The extended pause is currently set to expire on Friday."

NPRNPR
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"The talks are the third this year between He and Bessent — nearly four months after Trump upended global trade with his sweeping tariff proposals, including an import tax that shot up to 145% on Chinese goods."

ABC NewsABC News
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"The talks led by Bessent and He could set the stage for a possible meeting between U.S. President Donald Trump and Chinese President Xi Jinping later this year to cement a recent thaw in trade tensions."

Associated PressAssociated Press
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"The meeting will be important in starting to set the stage for a fall meeting between Trump and Xi."

ABC NewsABC News
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"The Stockholm talks will be geared towards building a trade agreement based around Chinese purchase commitments and pledges of investment in the U.S. in exchange for partial relief from U.S. tariffs and export controls."

Associated PressAssociated Press
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Article

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FAQ

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The talks focus on tariffs, the large US trade deficit with China, and concerns about China's industrial overcapacity, aiming to negotiate easing of trade restrictions and boost balanced economic growth.

China is expected to push for removal of this tariff to ease current trade restrictions and improve trade relations with the US.

The US trade deficit with China remains substantial, reaching over $279 billion in 2024, and contributing the largest share to the overall US trade deficit; the deficit increased by about 5.8% from the previous year.

The US seeks to increase exports to China and encourage China to shift its economy towards more domestic consumer spending to foster balanced growth between the two countries.

These high-level negotiations are critical for building mutual understanding and reducing misperceptions, laying the groundwork for a successful summit between the two leaders later in the year.

History

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