As the two biggest economic targets in Donald Trump’s trade war, some analysts thought the European Union and China could move closer together and stake out common ground.

U.S. and Chinese officials will meet in Stockholm next week to discuss an extension to the deadline for negotiating a trade deal, U.S. Treasury Secretary Scott Bessent said on Tuesday as President Donald Trump announced a deal with the Philippines and released terms of a previous deal with Indonesia.

The Trump administration has dialed back aggressive measures against China and reversed its position on technology controls as the president angles for a Chinese trip later this year.

President Donald Trump says the United States and the Philippines are “very close to finishing” a big trade deal as he meets with Philippine President Ferdinand Marcos Jr. at the White House.

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The US ambassador to NATO said China needed to be “called out for their subsidizing” of Russia’s war in Ukraine as the Trump administration ratchets up its threat to impose tariffs if Moscow does not agree to a peace deal.