The United States and China have agreed to work on extending a deadline for new tariffs on each other after two days of trade talks in Stockholm concluded on Tuesday, according to Beijing’s lead negotiator.

U.S. and Chinese officials began a second day of talks in Stockholm on Tuesday to resolve longstanding economic disputes and step back from an escalating trade war between the world's two biggest economies.

The United States and China have failed to reach an agreement to extend a pause on high mutual tariffs after talks in Sweden. At a press conference in Stockholm on Tuesday, US Trade Representative Jamieson Greer announced that he would return to Washington to hold talks with President Donald Trump over the tariff pause,