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US and China the third round of tariff negotiations

2025-08-04

On July 29, the United States and China held the third round of tariff negotiations in Sweden. Based on the consensus reached in the new round of economic and trade talks, both sides agreed to extend the suspended 24% reciprocal U.S. tariffs and China's countermeasures for an additional 90 days. This means that all current tariff rates imposed by both sides, along with the corresponding countermeasures, will remain unchanged, extending beyond the original August 12 expiration date by another 90 days.

The first day of talks lasted over five hours, but neither side issued a statement afterward.

The agenda of this round of negotiations included allowing more time for discussions on issues such as fentanyl and crude oil energy. Prior to this meeting, the U.S. and China had already completed the first two rounds of talks in Geneva and London in May and June, respectively. Achievements from the earlier rounds included mutual tariff reductions, the establishment of a truce period set to expire on August 12, and eased restrictions on exports of rare earth minerals and semiconductors.

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US and China the third round of tariff negotiations

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