US Treasury Secretary Scott Bessent is set to meet with Chinese officials in Stockholm next week to discuss extending the deadline for new tariffs, signaling a possible pause in escalating trade tensions.
The talks come as President Trump pushes for higher tariffs on several countries, including the EU, Canada, and the Philippines, while also announcing new trade deals with Indonesia and the Philippines. Despite previously calling August 1 a 'hard deadline' for imposing tariffs, US officials now suggest there may be flexibility if negotiations are productive. The ongoing uncertainty has led markets to largely ignore new trade headlines, focusing instead on the potential for a continued truce.
The outcome of these talks could have significant implications for global trade and economic stability.
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