By David Lawder and Greta Rosen Fondahn STOCKHOLM (Reuters) -Top U.S. and Chinese economic officials met in Stockholm on Monday for more than five hours of talks aimed at resolving longstanding economic disputes at the centre of a trade war between the world's top two economies,

Top trade officials from China and the United States have launched a new round of talks aimed at easing tensions over tariffs.

The Trump administration’s trade deal with China that sharply lowered the tariff rate on Chinese imports is expected to be extended past its Aug. 12 deadline, Treasury Secretary Scott Bessent predicted Tuesday, though he maintained higher tariff rates on other countries’ imports are still slated to take effect Aug. 1 as scheduled.

U.S. and Chinese officials will meet in Stockholm next week to discuss an extension to the deadline for negotiating a trade deal, U.S. Treasury Secretary Scott Bessent said on Tuesday as President Donald Trump announced a deal with the Philippines and released terms of a previous deal with Indonesia.

China trade has reached a "good place" with reduced tariffs, but said China's 30% share of global manufacturing is unsustainably imbalanced.

Most Read from BloombergAdvocates Fear US Agents Are Using ‘Wellness Checks’ on Children as a Prelude to ArrestsThe Dutch Intersection Is Coming to Save Your LifeLA Homelessness Drops for Second YearTreasury Secretary Scott Bessent suggested the deadline for a US-China tariff truce slated to end next month is flexible,

U.S. and Chinese officials are meeting in Stockholm to discuss trade tariffs and a potential summit between their leaders. U.S.