The US and China are set for another round of high-stakes trade talks in Stockholm next week, with both sides aiming to extend the current tariff truce before the August 1 deadline.
US Treasury Secretary Scott Bessent has indicated that while the deadline is 'hard,' there is flexibility if negotiations show progress, and the focus remains on securing high-quality deals rather than rushing agreements. The talks may also expand to cover broader issues, including China's oil purchases from Russia and Iran. Meanwhile, President Trump is leveraging the threat of steep new tariffs to pressure multiple trade partners, including the EU, Canada, and Asian nations, into making concessions.
The outcome of these negotiations will have significant implications for global trade, markets, and diplomatic relations.
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