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 looming 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, even as steep new tariffs are set to take effect for countries without deals. Talks may also expand to cover sensitive issues like China's purchases of Russian and Iranian oil. The US is using the threat of higher tariffs as leverage in ongoing negotiations with China, the EU, and other major trading partners.
Despite the pressure, officials stress that the quality and substance of any agreements will take precedence over speed.
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