US and Chinese officials resumed critical trade talks in Stockholm on Tuesday, aiming to de-escalate a mounting economic standoff.

China’s top trade official said the two sides had “constructive” and “candid” discussions and agreed to keep the tariffs at current levels — the United States taxing Chinese goods at 30 percent and China collecting 10 percent on US products.

Beijing's top trade official says China and the United States have agreed to work on extending a deadline for new tariffs on each other after two days of trade talks in Stockholm