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 prioritizing the quality of trade agreements over meeting strict deadlines, aiming for more favorable terms rather than rushing deals. Talks may also expand to cover sensitive issues such as China's purchases of oil from Russia and Iran. While some tariffs are still expected to take effect for other countries, the US is using the threat of higher tariffs as leverage in ongoing negotiations with major trade partners.
The outcome of these talks could have significant implications for global trade and economic stability.
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