U.S. trade representatives met with their Chinese counterparts in Sweden to try and hammer out a deal on reciprocal tariff policies between the two trade giants. The U.S. says that tariff policy decisions ultimately depend on President Trump's final approval.
00:00China and the U.S. may continue to hold off on implementing tariffs following a meeting in Stockholm.
00:23This is the third attempt since April that the trade partners have tried to work out a deal.
00:30Both sides walked back from imposing triple-digit tariffs on each other in May.
00:34Financial markets could face turmoil without an agreement.
00:37Yet the U.S. says an extension past August 12th is not certain.
00:43With respect to a potential pause, we're going to head back to Washington, D.C.,
00:47and we're going to talk to the president about whether that's something that he wants to do.
00:52Without a deal or an extension by the August 12th deadline, tariffs could, quote,
00:57boomerang back up, according to U.S. officials.
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