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.

After a “constructive” round of talks ahead of an Aug. 12 deadline, Treasury Secretary Scott Bessent said, “Nothing is agreed until we speak with President Trump.”

The bipartisan bills touch on issues that have long vexed American policymakers, namely signs that Beijing tries to stifle Chinese dissent in the U.S. and that, at home, it has abused ethnic minorities including Uyghurs.