US Treasury Secretary Scott Bessent announced plans to meet with Chinese officials in Stockholm next week to discuss a possible extension of the deadline for new tariffs, signaling a potential pause in escalating trade tensions.
The talks come as President Trump pushes forward with a sweeping tariff agenda targeting multiple countries, including the EU, Canada, and Indonesia, with an August 1 deadline looming for new duties. While some officials have called the deadline 'hard,' others suggest there may be flexibility for countries engaged in productive negotiations. The US-China discussions may also address China's purchases of Russian and Iranian oil, adding complexity to the talks.
Markets have responded positively to the possibility of a tariff truce, but uncertainty remains as the deadline approaches.
.Here are the top political news stories for today.
Be the first to reply to this general discussion.
Join in on more popular conversations.
