The US and China are set to hold a new round of trade negotiations in Sweden next week, with both sides signaling a likely extension of the looming tariff deadline.
US Treasury Secretary Scott Bessent emphasized that the Trump administration is prioritizing high-quality agreements over rushing to meet the August 1 deadline for steep new tariffs. The talks may also expand to cover sensitive issues like China's purchases of oil from Russia and Iran. While President Trump continues to threaten broad tariff hikes on multiple countries, officials suggest flexibility on the deadline if progress is made.
The outcome of these talks could shape global trade dynamics and impact markets worldwide.
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