The US and China are set to resume trade talks in Sweden, with growing expectations of a 90-day extension to their current trade war truce, which is due to expire on August 12. This development follows recent trade agreements the US struck with the European Union and Japan.

• The current truce between the US and China temporarily lowered tariffs after both countries had raised import levies to over 100% since January.
• The US delegation will be led by Treasury Secretary Scott Bessent, and China's by Vice Premier He Lifeng.
• The Financial Times reported that the US has frozen restrictions on technology exports to China, particularly AI chips, which have been central to the dispute.