Chinese and American trade negotiators concluded their two-day meeting in Stockholm without a resolution to avert tariffs from skyrocketing back to ultra-high levels that formed an effective blockade on trade between the world’s two largest economies.

China and the U.S. have agreed to continue their tariff pauses on each other, according to China's top trade official.

China's top trade official said Tuesday that China and the U.S. agreed to work on extending a deadline for new tariffs on each other, following a two-day trade meeting in Stockholm. The U.S. side said extension plans were discussed,