(29 Jul 2025)
RESTRICTION SUMMARY:
++STARTS AND ENDS ON SOUNDBITE++
ASSOCIATED PRESS
Stockholm, Sweden – 29 July 2025
1. SOUNDBITE (English) Jamieson Greer, U.S. trade representative:
"With respect to a potential pause, we’re going to head back to Washington, D.C., and we’re going to talk to the president about whether that’s something that he wants to do. It’s certainly something that’s been under discussion. And so we’ll brief the president on the outcome of this. And, we’ll see if there are any, we have further technical discussions that are happening right now as we speak, among the teams. So so the president can make a final call on that’s something that he wants to do."
++BLACK FRAMES++
2. SOUNDBITE (English) Scott Bessent, U.S. Treasury Secretary:
"As the earlier question said, that the Chinese deputy prime minister, did did say that we had agreed on a pause. We have not. And nothing is agreed until we speak with President Trump. He’s on Air Force One, I believe, doing a press conference right now. And, we will be seeing him in the Oval tomorrow to go over the deal with him, and then he’ll decide if the pause continues as is."
STORYLINE:
Chinese and U.S. trade officials held their latest round of trade talks in the Swedish capital on Monday and Tuesday to try to break a logjam over tariffs that have skewed the pivotal commercial ties between the world’s two largest economies.
Following a two-day meeting with U.S. officials Tuesday, China’s top trade official said China and the U.S. have agreed to continue their tariff pauses on each other.
Speaking with the press following the meeting, Li Chenggang said the two sides had “constructive” and “candid” discussions and agreed to keep the tariffs at current levels — the U.S. taxing Chinese goods at 30% and China collecting 10% on U.S. products.
However, speaking to reporters after the talks, U.S. Treasury Secretary Scott Bessent and U.S. trade representative Jamieson Greer said that U.S. President Donald Trump had yet to sign off on that decision.
"Nothing is agreed until we speak with President Trump" said Bassent. "We will be seeing him in the Oval tomorrow to go over the deal with him, and then he’ll decide."
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