As the August 1 deadline for steep new US tariffs approaches, Treasury Secretary Scott Bessent has indicated that the US may extend the deadline for tariffs on Chinese imports, with another round of trade talks set for next week in Stockholm.
The Trump administration is emphasizing the importance of securing high-quality trade agreements over rushing to meet the deadline. Discussions with China may also expand to cover sensitive issues such as Beijing's purchases of Russian and Iranian oil. While the US is holding firm on the August 1 deadline for tariffs on other countries, negotiations with China appear more constructive, and a trade truce extension is likely.
The administration is using the threat of tariffs as leverage to push for better deals, signaling a tough stance but leaving room for further negotiation.
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