Pakistan, Aug. 11 -- A trade agreement between the world's two largest economies appears within reach as the 90-day truce between the United States and China is set to expire on Tuesday. Recent talks in Stockholm, following earlier sessions in Geneva and London, were described as productive, raising hopes for a renewed deal. Both sides indicated that preserving the truce would help stabilise global trade and prevent further economic tensions.

US Treasury Secretary Scott Bessent expressed optimism after the third round of negotiations, saying there is potential for an agreement that benefits both countries. Chinese Vice Premier He Lifeng, leading Beijing's delegation, also stressed that cooperation brings mutual benefits while confrontati...