The US and China are set to hold another round of trade negotiations in Stockholm next week, with US Treasury Secretary Scott Bessent indicating that the August 1 tariff deadline may be extended.
The Trump administration is emphasizing the importance of securing high-quality trade agreements over rushing to meet deadlines. Talks are expected to address not only tariffs but also China's purchases of oil from Russia and Iran, which have become points of contention. While some tariffs may still take effect on August 1 for other countries, the US is using the threat of higher tariffs as leverage in ongoing negotiations.
The overall approach signals a shift toward more strategic, comprehensive trade deals rather than quick fixes.
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