The US and China are set to hold a new round of trade negotiations in Stockholm next week, with both sides signaling a likely extension of the looming August 1 tariff deadline.
US Treasury Secretary Scott Bessent emphasized that the administration is prioritizing high-quality, substantive agreements over rushing to meet arbitrary deadlines. The talks may expand beyond traditional trade issues to include sensitive topics like China's oil purchases from Russia and Iran. President Trump continues to use the threat of steep tariffs as leverage in negotiations with multiple countries, but officials suggest flexibility on the August 1 cutoff.
The outcome of these talks could have significant implications for global markets and the future of US trade policy.
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