The U.S. and China had agreed to pause most of the sky-high tariffs on each others’ goods amid trade negotiations – but that pause is set to expire in August.

Trump started hiking tariffs on Chinese goods shortly after his return to the White House. China ultimately responded with tariffs of its own. Tensions escalated, with tariff rates hitting the triple digits, before a trade truce in May.

U.S. President Donald Trump said he had just spoken with Treasury Secretary Scott Bessent who told him that he had a very good meeting with Chinese officials in Sweden on Tuesday.