US Treasury Secretary Scott Bessent has announced that he will meet with Chinese officials in Stockholm next week to discuss extending the current tariff truce, as the August 1 deadline for higher tariffs approaches.
Both sides appear focused on negotiating a high-quality, comprehensive trade agreement rather than rushing to meet the deadline. The talks may also expand to cover sensitive issues such as China's purchases of oil from Russia and Iran. While President Trump continues to threaten new tariffs on multiple countries, officials signal flexibility on the deadline and emphasize the use of tariffs as leverage in ongoing negotiations.
Business groups and officials remain optimistic that a US-China deal will eventually be reached, despite ongoing tensions and complex issues at stake.
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