US-China Trade Talks Intensify as Tariff Deadline Looms—Extension Likely, But Quality Over Speed Stressed

As the August 1 deadline for increased US tariffs approaches, Treasury Secretary Scott Bessent has announced upcoming talks with Chinese officials in Stockholm, signaling a likely extension of the current tariff truce. The Trump administration is emphasizing the importance of securing high-quality trade agreements rather than rushing to meet the deadline. Discussions may expand beyond traditional trade issues to include China's purchases of Russian and Iranian oil, reflecting broader geopolitical concerns. While some tariffs may still take effect for other countries, negotiations with China are described as constructive and ongoing. The administration views the looming deadline as leverage but insists that deal substance takes priority over timing.