US and Chinese trade officials met in Stockholm to negotiate tariffs ahead of a crucial 12 August deadline. Progress could lead to a high-level meeting between President Trump and President Xi Jinping. The US has imposed significant tariffs on China due to a perceived trade imbalance. The talks aim to address various issues, including market access and technology exports. Analysts expect an extension of current tariff levels, while challenges remain due to China's willingness to retaliate.