The US and China are set to hold another round of trade negotiations in Stockholm next week, with US Treasury Secretary Scott Bessent signaling that the August 1 tariff deadline may be extended.
The Trump administration is emphasizing the importance of securing high-quality trade agreements over rushing to meet deadlines. Talks are expected to address not only tariffs but also China's purchases of oil from Russia and Iran, which have become new points of contention. While some tariffs may still take effect on August 1 for other countries, the US is using the threat of higher tariffs as leverage to push for better deals.
The overall approach marks a shift toward prioritizing substantive outcomes in trade policy over quick resolutions.
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