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 prioritizing the quality of trade agreements over meeting strict deadlines, signaling a willingness to delay tariff hikes if progress is made. Talks may also expand to cover contentious issues like China's oil purchases from Russia and Iran. Despite looming deadlines and threats of higher tariffs on other countries, officials emphasize that securing favorable, high-quality deals is more important than speed.
The outcome of these talks could have significant implications for global trade and economic stability.
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