U.S. and Chinese officials agreed to seek an extension of their 90-day tariff truce on Tuesday, following two days of what both sides described as constructive talks in Stockholm aimed at defusing an escalating trade war between the world's two biggest economies that threatens global growth.

After a “constructive” round of talks ahead of an Aug. 12 deadline, Treasury Secretary Scott Bessent said, “Nothing is agreed until we speak with President Trump.”

President Donald Trump has struck a series of trade agreements in recent weeks as the White House threatens tariffs on dozens of countries set to take effect Aug. 1. In nearly every case, the trade accords set levies lower than a so-called "reciprocal tariffs" that would have otherwise taken effect on Friday.

Shares in Asia are mostly higher after the U.S. and China ended their latest round of trade talks without a deal

The U.S. cancelled a meeting with Taiwan's defence minister in June, highlighting concern that President Donald Trump is wary of supporting the island in ways that could harm U.S. relations with China,

Taiwanese leader William Lai Ching-te has no immediate plans for overseas travel, his office said on Monday, following reports that his proposed stopover in the United States was declined by the Donald Trump administration.