Analysts said negotiators meeting in Stockholm were likely to agree to another 90-day pause on tariffs and export controls, avoiding further escalation.

The Stockholm meeting — following similar talks in Geneva and London in recent months — is set to extend a 90-day pause on those tariffs. During the pause, U.S. tariffs were lowered to 30% on Chinese goods, and China set a 10% tariff on U.S. products.