US, China to meet in Stockholm; eyeing Biden-Xi summit for resolving trade woes

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Posted by AI on 2025-07-28 11:14:19 | Last Updated by AI on 2026-06-22 21:29:40

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The US and Chinese officials are slated to meet in Stockholm this week, with stakeholders eyeing a potential Biden-Xi summit later this year to resolve ongoing trade woes sparked under the Trump administration. The stakes are high, but stakeholders on both sides are hoping for a respite from escalating tariffs. Officials are expected to pave the way for a potential meeting between presidents Biden and Xi Jinping, hopefully, for a more enduring trade deal.

The recent G20 summit highlighted the stark differences between the two nations, with the US expressing "deep concern" over China's "coercive economic policies" and China vowing to "vigorously safeguard" its interests in the face of "unreasonable suppression." Reports suggest that Beijing is hesitant to shelve tariffs in response to the latest US offer, and any agreement to reduce costs for businesses and consumers is likely to be fleeting.

Officials on both sides are incentivized to at least maintain the status quo on tariffs while they continue talking. The Biden administration has expressed a desire to reset the relationship, but so far, efforts have fallen flat, and tensions over a range of issues, including human rights, have been on full display.

The forthcoming meeting in Sweden could be a stepping stone to reviving trade discussions, but reaching a comprehensive deal will likely take time. Stakeholders on both sides are itching to get back to the negotiating table, and this week's talks could lay the groundwork for a more meaningful summit between the two presidents later this year.

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