China and the U.S. have agreed to continue their tariff pauses on each other, according to China's top trade official

U.S. and Chinese officials finished two days of talks in Stockholm on Tuesday that were aimed at tackling longstanding economic disputes and stepping back from an escalating trade war between the world's two biggest economies.

The United States and China have failed to reach an agreement to extend a pause on high mutual tariffs after talks in Sweden. At a press conference in Stockholm on Tuesday, US Trade Representative Jamieson Greer announced that he would return to Washington to hold talks with President Donald Trump over the tariff pause,