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 tariff deadline on the table.
US Treasury Secretary Scott Bessent emphasized that the Trump administration is prioritizing the quality of trade agreements over meeting strict deadlines, signaling flexibility on the previously 'hard' August 1 cutoff for higher tariffs. Talks may also expand to cover broader issues, including China's purchases of oil from Russia and Iran. While the US is pushing for more favorable terms, it is not rushing to finalize deals with China, the EU, or other partners, using the threat of tariffs as leverage.
The outcome of these negotiations could have significant impacts on global trade and economic relations.
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