(28 Jul 2025)
RESTRICTIONS SUMMARY:
ASSOCIATED PRESS
Stockholm, Sweden – 28 July 2025
1.Various of security guards putting up an American flag
2. SOUNDBITE (English) Jamey Keaten, AP reporter:
“Top officials from the U.S and China have arrived here in Stockholm for two days of talks aimed to defuse tensions over tariffs between the world’s two largest economies.
3. Various of security guards putting up a Chinese flag
4. SOUNDBITE (English) Jamey Keaten, AP reporter:
“The talks, led by the U.S. Treasury Secretary Scott Bassett and Chinese Vice Premier Li Fang, are aimed to help reduce the tariff levels set by the Trump administration earlier this year, and Chinese retaliatory measures.”
5.Mid of security guards standing in front of Rosenbad where the meetings take place
6. SOUNDBITE (English) Jamey Keaten, AP reporter:
“Analysts expect an extension of the 90 day pause in the highest tariff levels in anticipation of a meeting later this fall between US President Donald Trump and Chinese President XI Jinping.”
7. Mid of police officers in motorcycle
8. Mid of press waiting outside Rosenbad
9. SOUNDBITE (English) Jamey Keaten, AP reporter:
“The tariffs have come down from peak levels earlier this year that roiled world markets and now stand at about 30%. U.S. tariffs on Chinese goods and 10% tariffs on U.S. goods exported to China.”
10. Mid of Swedish flag in Rosenbad
11. SOUNDBITE (English) Jamey Keaten, AP reporter:
“The United States is eager to bring down its massive trade deficit with China, which stood at nearly $300 billion last year, and encourage more domestic consumption in China, particularly for U.S. goods.”
12. Cutaway of view in Stockholm
13. SOUNDBITE (English) Jamey Keaten, AP reporter:
“China wants to see a reduction in the highest tariff levels because of the importance of its manufacturing base and its export led economy.”
14. Cutaway of City Hall in Stockholm
STORYLINE:
Top trade officials from China and the United States arrived for talks in Stockholm on Monday over tariffs set by the Trump administration that sparked retaliation by Beijing.
Analysts say the two days of meetings led by U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are likely to lead to an extension of current tariff levels that are far lower than earlier this year at the peak of the trade standoff.
Instead, the two envoys are expected to help set the stage for a possible meeting between U.S. President Donald Trump and Chinese President Xi Jinping later this year.
The talks are the third this year between He and Bessent — nearly four months after Trump upset global trade with his sweeping tariff proposal, including an import tax that shot up to 145% on Chinese goods.
After talks in Geneva in May and London in June, the Stockholm meeting is set to extend a 90-day pause on those sky-high tariffs that have since been lowered to U.S. taxes of 30% on Chinese goods, and China responding with a 10% on U.S. products.
The U.S. seeks an agreement that would enable it to export more to China and shift the Chinese economy more toward domestic consumer spending.
China has said it’s seeking “more consensus and cooperation and less misperception” from the discussions.
The two sides could take up issues of China’s industrial overcapacity and its lack of control over chemicals used to make fentanyl.
Some analysts are on watch for how the two sides characterize the discussions and clues about a possible leaders’ summit because any real deal will hinge on the two presidents meeting each other, he said.
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