US Treasury Secretary Scott Bessent has indicated that the Trump administration may extend the looming August 1 deadline for imposing higher tariffs on Chinese imports, as both sides prepare for another round of trade negotiations in Stockholm.
While the US is using the threat of tariffs as leverage, officials emphasize that securing high-quality, favorable trade agreements is more important than rushing to meet the deadline. Talks may also expand to cover sensitive issues like China's purchases of Russian and Iranian oil. The administration is applying similar pressure on other trading partners, including the EU and Canada, but remains open to deadline flexibility if negotiations show progress.
The outcome of these talks could have significant implications for global trade and economic stability.
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