China’s industrial profits fall further in June

CHINA, US TO EXTEND TARIFF PAUSE AT SWEDEN TALKS BY ANOTHER 90 DAYS- SCMP China, US to extend tariff pause at Sweden talks by another 90 days: sources Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning on Monday, according to sources close to the matter on both sides. China and the United States agreed in May to remove most of the heavy tariffs levied on each other’s goods for 90 days while continuing trade negotiations. That suspension is set to expire on August 12. During the third round of trade negotiations between the world’s two biggest economies, both will expound their views on major sticking points – such as the US’ concerns over China’s industrial overcapacity – rather than achieve specific breakthroughs, the sources said. One source said that, during the expected 90-day extension, the two nations will commit to not impose additional tariffs on each other, nor escalate the trade war by other means.

Trump on the trade deal with Europe: The matter is difficult but not impossible Trump: We are close to reaching a trade agreement with China Trump: tariff rate on EU will not drop below 15% Trump: 3 or 4 sticking points in trade talks with EU TRUMP ON EU TRADE: PROBABLY WILL KNOW IN AN HOUR