A leading political scientist at Harvard University said Tuesday that talks between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Stockholm will not only lead to stabilizing the trade war between the nations but also lay the groundwork for a successful meeting between President Donald Trump and Chinese President Xi Jinping.

Li Chenggang, China’s top trade official, reportedly said Tuesday the sides had “constructive” and “candid” discussions and agreed to keep tariffs at current levels — the U.S. taxing Chinese goods at 30% and China collecting 10% on U.S. products.

The sides in May agreed to a 90-day pause, set to expire Aug. 12, in which each imposed triple-digit tariffs on the other.

Read more at Newsmax© 2025 Newsmax. All rights reserved.