The US and China are set to hold another round of trade negotiations in Stockholm next week, with a likely extension of the looming August 1 tariff deadline on the table.
US Treasury Secretary Scott Bessent emphasized that the Trump administration is prioritizing the quality of trade agreements over rushing to meet deadlines. Talks may also expand to cover sensitive issues like China's oil purchases from Russia and Iran. While the US is using the threat of higher tariffs as leverage, officials signal flexibility on timing if it leads to better deals.
The outcome of these talks could significantly impact global trade dynamics and economic relations between the world's two largest economies.
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