The Stockholm meeting — following similar talks in Geneva and London in recent months — is set to extend a 90-day pause on those tariffs. During the pause, U.S. tariffs were lowered to 30% on Chinese goods, and China set a 10% tariff on U.S. products.

Despite Trump's lack of interest in initiating efforts, he and his administration have been exploring the possibility of a meeting with Xi since the two countries’ delegations met for tariff talks for the first time in Geneva in May.

US and China hold crucial trade talks in Stockholm, which will likely extend a 90-day tariff truce and pave the way for a Donald Trump-Xi Jinping summit.

The United States and China are poised to start a fresh round of talks in Sweden, aiming to extend a temporary trade truce that held back triple-digit tariffs while the world’s two biggest economies try to broker a lasting deal.