The United States and China are set to hold another round of high-stakes trade talks in Stockholm next week, with both sides signaling a likely extension of the looming tariff deadline.
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will lead the negotiations, aiming to avoid steep new tariffs set to take effect August 1. While President Trump has threatened a barrage of new duties on multiple countries, officials suggest flexibility for nations engaged in productive talks. The US is also pursuing separate trade deals with countries like the Philippines and Indonesia, while tensions with the EU and Canada remain high.
The outcome of these negotiations could have significant impacts on global markets and international trade relations.
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