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 threaten to take effect. Talks may also expand to cover sensitive issues like China's purchases of Russian and Iranian oil. While some deals have been reached with other countries, negotiations with China and the EU remain unresolved, and the US is using the threat of tariffs as leverage.
The outcome of these talks could have significant implications for global trade and economic stability.
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