The United States and China are set to hold a new round of high-stakes trade talks in Stockholm next week, with both sides aiming to extend a looming tariff truce deadline.
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will lead negotiations, focusing on avoiding steep tariff hikes that could disrupt global markets. The talks may also address broader issues, including China's purchases of oil from Russia and Iran. While President Trump pushes for higher tariffs on other countries, the US is signaling flexibility on the August 1 deadline for China, prioritizing a high-quality deal over speed.
The outcome of these talks could have significant implications for international trade, market stability, and diplomatic relations.
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