U.S. and China delegations arrive for trade talks in Stockholm

US-China Trade Talks - US delegation, led by Treasury Secretary Besson and Jameson Greer, met with Chinese delegation, led by Vice Premier July Feng, in Stockholm [2][3][5] - Discussions included topics like TikTok, Russian oil, and tariffs, but the specific agenda remains unclear [6] - The talks are potentially a prelude to a meeting between President Trump and Xi Jinping, possibly in October [6][7] International Trade Deals & Investments - The EU aims to reduce reliance on Russian gas and increase energy purchases from the US, potentially reaching $600 billion [10] - Questions arise regarding the nature of the $600 billion EU investment and a $650 billion Japan deal, specifically whether they represent new investments or reallocated funds [8][12][13] - A Japanese negotiator indicated that only 1-2% of the $650 billion commitment would be actual investment, with the majority being loans or loan guarantees [12] - The $650 billion figure is approximately 15% of Japan's current GDP [17] US Pharmaceutical Industry - The US government plans to announce a significant initiative to bring pharmaceutical manufacturing back to America [18] - The goal is to reduce reliance on foreign pharmaceutical suppliers, highlighted by the COVID-19 pandemic [18] - The US anticipates lower drug prices as a result of this initiative [20]