US Treasury Secretary Scott Bessent announced that he will meet with Chinese officials in Stockholm next week for a third round of trade talks, with a likely focus on extending the looming August tariff deadline.
The Trump administration is emphasizing the importance of securing high-quality trade agreements over simply meeting the deadline, signaling that the US is not rushing to finalize deals. While the August 1 deadline for higher tariffs is described as a 'hard deadline,' officials suggest there is flexibility, especially regarding China. The talks may also address broader issues, including China's purchases of Russian and Iranian oil, which have become points of contention.
Overall, the US is using the threat of tariffs as leverage to push for more favorable trade terms with China and other partners.
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