Beijing's top trade official says China and the United States have agreed to work on extending a deadline for new tariffs on each other after two days of trade talks in Stockholm.

WASHINGTON: US Treasury Secretary Scott Bessent said on Friday (Aug 1) he believes Washington and Beijing are nearing a breakthrough trade deal following two days of negotiations in Stockholm.

U.S. and Chinese officials began a second day of talks in Stockholm on Tuesday to resolve longstanding economic disputes and step back from an escalating trade war between the world's two biggest economies.