The US and China are set to hold a new round of trade negotiations in Stockholm next week, with US Treasury Secretary Scott Bessent signaling that the August 1 tariff deadline could be extended.
The Trump administration is prioritizing the quality of trade agreements over meeting strict deadlines, even as steep tariffs loom for countries without deals. Talks may also expand to cover China's oil purchases from Russia and Iran, reflecting broader geopolitical concerns. While some progress has been made, the US is using the threat of higher tariffs as leverage to secure more favorable terms.
The outcome of these talks could have significant implications for global trade and economic stability.
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