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China and the United States have extended their mutual tariff pause following high-level discussions led by officials Li Chenggang and Scott Bessent in Stockholm. The agreement, announced after "constructive" and "candid" negotiations, ensures that current tariff levels—30% applied by the U.S. to Chinese goods and 10% imposed by China on U.S. products—remain unchanged. This decision aims to prevent market disruptions and foster economic stability amid ongoing trade tensions.