The United States and China concluded their latest trade talks; the U.S. government is offering $608 million for states to detain illegal immigrants.
U.S. Treasury Secretary Scott Bessent (2nd R) walks outside Rosenbad ahead of trade talks between the United States and China in Stockholm, Sweden, on July 29, 2025. Fredrik Sandberg/TT News Agency via AP
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US–China Conclude Talks
Trade talks concluded in Stockholm between the United States and China on July 29, with both countries reaching a truce to deescalate recent spats between the two.
As of yet, no extension has been agreed upon; the current rate will remain for now, with the United States imposing a 30 percent tariff on China and a 10 percent rate on U.S. goods going to China.
