Taiwan Trade Delegation Lands in Washington for High-Stakes Tariff Showdown with Trump
Fourth round of negotiations kicks off as tensions simmer—Wall Street already pricing in another volatility buffet.
Behind closed doors: Tech supply chains hang in the balance while DC traders bet on who blinks first.
Dollar reserves at the ready? Taipei's envoys walk the tightrope between economic pragmatism and geopolitical chess.
One thing's certain: Someone's treasury department will be buying the dip when this concludes.
US and China officials to meet in Stockholm next week
Meanwhile, U.S. Treasury Secretary Scott Bessent said that American and Chinese officials will meet in Stockholm next week to discuss extending the deadline for a broader trade agreement. The talks are set for Monday and Tuesday, focusing on ways to rebalance the two nations’ trade links.
Bessent spoke on the Fox Business Network program Mornings With Maria, saying he thought trade with China was “in a very good place.” He said the talks WOULD focus on rebalancing the U.S.‑China trade relationship.
The Stockholm discussions follow Trump’s announcement of a 19 percent tariff on Philippine imports, coming after Philippine President Ferdinand Marcos Jr. visited the White House this week. In return, Manila agreed not to levy any duties on U.S. exports. Shortly after, Washington set the same 19 percent rate for Indonesia, down from an earlier 32 percent.
According to the White House, Indonesia has also agreed to drop both tariff and non‑tariff barriers on most American exports. These terms were released last week after talks at the White House with leaders from the Philippines and Indonesia. That agreement was reached last week, the administration said.
In a message on X, Swedish Prime Minister Ulf Kristersson welcomed the talks in his country, calling them important for the world economy and saying it was “positive that both countries wish to meet in Sweden to seek mutual understanding.”
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