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.

Li Chenggang said the two sides had “constructive” and “candid” discussions and agreed to keep the tariffs at current levels — the U.S. taxing Chinese goods at 30% and China collecting 10% on U.S. products.

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.”