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

The United States and China have agreed to work on extending a deadline for new tariffs on each other after two days of trade talks in Stockholm concluded on Tuesday, according to Beijing’s lead negotiator.

Officials are meeting in Sweden for their third round of talks in as many months, ahead of an Aug. 12 deadline, to try to avoid a flare-up in trade tensions.

President Donald Trump's suspension of reciprocal tariffs ends Friday and the United States has only managed a small portion of his goal for new trade deals.

President Trump's new tariffs have sparked protests in Canada, Brazil, South Korea and India.

Trump raises tariffs on Canada, sets country-specific rates President Donald Trump signed two tariff-related executive orders on Thursday evening, setting a higher 35 percent tariff rate on Canadian imports.