Key Takeaways Representatives of the U.S. and China are meeting in Stockholm on Monday and Tuesday to extend a trade truce.U.S. tariffs on China are set to be ratcheted up to 145%, a virtual trade embargo,

US and Chinese officials started a second day of talks aimed at extending their tariff truce beyond a 90-day period that expires in two weeks and discussing ways to maintain trade ties while safeguarding economic security.