When top U.S. and Chinese officials meet in Stockholm, they are almost certain to agree to at least leaving tariffs at the current levels while working toward a meeting between their presidents later this year for a more lasting trade deal between the world's two largest economies, analysts say.

Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to hold talks Monday for the third time this year — this round in the Swedish capital, nearly four months after President Donald Trump upset global trade with his sweeping tariff proposal, including an import tax that shot up to 145% on Chinese goods.

World stock markets advanced higher Monday after the European Union worked out a trade deal with the Trump administration ahead of this week's Aug. 1 deadline.

Investors were focusing on trade talks between U.S. and Chinese officials in Stockholm, Sweden.

President Donald Trump took to social media Thursday morning to support Elon Musk's car company, a startling development given their bitter public feud.

"I want Elon, and all businesses within our Country, to THRIVE," Trump wrote on Truth Social.

The prime ministers of Britain and India sealed a hard-wrought trade agreement on Thursday that will slash tariffs on products including Scotch whisky and English gin shipped to India and Indian food and spices sent to the U.K.

Keir Starmer and Narendra Modi met at Chequers, the British leader's official country residence outside London, where the U.K. and Indian trade ministers, Jonathan Reynolds and Piyush Goyal, formally signed the agreement.

Wall Street was on track to open with gains on Friday, adding to record highs ahead of next week's busy slate of earnings, job market reports and the tariff deadline.

Futures for the S&P 500 and the Dow Jones Industrial Average both were up 0.1% before the bell. Nasdaq futures were flat.

A Saudi delegation visiting Damascus on Wednesday sealed investment and partnership deals valued at more than $5 billion to help rebuild war-battered Syria, the oil-rich Gulf kingdom announced.

President Donald Trump said he has reached a trade agreement with Philippine leader Ferdinand Marcos Jr., following a meeting Tuesday at the White House, that will see the U.S. slightly drop its tariff rate for the Philippines without paying import taxes for what it sells there.

Trump revealed the broad terms of the agreement on his social media network and said the U.S. and the Philippines would work together militarily. The announcement of a loose framework of a deal comes as the two countries are seeking closer security and economic ties in the face of shifting geopolitics in the Indo-Pacific region.

U.S. President Donald Trump has announced trade deals with Japan and a handful of other Asian countries that will relieve some pressure on companies and consumers from sharply higher tariffs on their exports to the United States.

A deal with China is under negotiation, with U.S. Treasury Secretary Scott Bessent saying an Aug. 12 deadline might be postponed again to allow more time for talks.

Global shares rallied on Wednesday, with Tokyo's benchmark Nikkei 225 index gaining 3.5% after Japan and the U.S. announced a deal on President Donald Trump's tariffs.

France's CAC 40 added 1.4% in early trading to 7,854.75, while Germany's DAX gained 0.9% to 24,260.62. Britain's FTSE 100 rose 0.6% to 9,075.46. The future for the S&P 500 gained 0.4% while that for the Dow Jones Industrial Average was up 0.5%.

President Donald Trump on Tuesday said a trip to China might be "not too distant," raising prospects that the leaders of the world's two largest economies may meet soon to help reset relations after moving to climb down from a trade war.

Trump made the remarks while hosting Philippine President Ferdinand Marcos Jr. at the White House, where he praised the "fantastic military relationship" with Manila as the U.S. looks to counter China's influence in the Indo-Pacific region.