US and Chinese officials are meeting Monday to extend their tariff detente beyond a mid-August deadline, and haggle over other ways to further defuse trade tensions. Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Bessent will lead the delegations through Tuesday in Stockholm — their third meeting in less than three months. The agenda includes discussions about how long the current tariff truce can be extended, as well as US levies tied to fentanyl trafficking and Chinese purchases of sanctioned Russian and Iranian oil. The meeting follows a trade agreement between the US and European Union that will see the bloc face 15% tariffs on most of its exports, including automobiles, staving off a trade war that could have delivered a hammer blow to the global economy. The pact was concluded less than a week before a Friday deadline for President Donald Trump’s higher tariffs to take effect.
Today’s guests: Kallum Pickering, Peel Hunt Chief Economist, Diana Choyleva, Enodo Economics Chief Economist
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse
00:00:32 – EU Reaches Tariff Deal With US to Avert Painful Trade Blow
00:05:33 – US, China Officials to Meet in Sweden to Extend Trade Truce
00:09:09 – Kallum Pickering, Peel Hunt Chief Economist
00:17:59 – US Agrees to 15% Tariff on EU Pharmaceuticals
00:24:49 – US-China Truce Expected to be Extended
00:29:13 – Diana Choyleva, Enodo Economics Chief Economist
00:32:50 – Tariffs to Cost Global Economy $2T by 2027
00:37:23 – Israel Denies Deliberately Starving Garzans
00:41:48 – Boeing Braces for Defense Hub Strike
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