The much-anticipated U.S.-China trade talks in Sweden turned out to be a letdown after it concluded Tuesday with no trade truce extension.

Despite expected extension, insiders say trade talks unlikely to yield breakthroughs on specific issues though no escalations anticipated.

Economists appear to be revising downward their expectations of the impact tariffs will have on the U.S. economy.

Economists appear to be lowering their expectations of the impact tariffs will have on the U.S. economy.

Live, rolling coverage of business, economics and financial markets as US Treasury chief Scott Bessent attends negotiations in Sweden

The Commerce secretary suggested on CNBC's "Squawk Box" that President Trump has repeatedly rejected potential deals in pursuit of better terms for the U.S.

After third round of negotiations, China signals consensus is reached while US team says no agreement until President Trump approves.

The much-anticipated U.S.-China trade talks in Sweden turned out to be a letdown after it concluded Tuesday with no trade truce extension.

The much-anticipated U.S.-China trade talks in Sweden turned out to be a letdown after it concluded Tuesday with no trade truce extension.

Not only did Trump impose a 25% tariff on India, he also announced a "penalty" on top of the duty because the South Asian country buys Russian oil.

The White House could be aware that the dramatic shock of tariffs has less power to sway trade deals when staged a second time

The White House could be aware that the dramatic shock of tariffs has less power to sway trade deals when staged a second time.