The US is signaling a likely extension of its tariff deadline with China, as Treasury Secretary Scott Bessent prepares for another round of trade talks in Stockholm.
While the August 1 deadline for higher tariffs looms, Bessent and the Trump administration emphasize prioritizing high-quality, comprehensive trade agreements over rushing to meet arbitrary dates. Discussions with China may expand to include sensitive topics like Chinese purchases of Russian and Iranian oil. Meanwhile, the US is also negotiating with other major partners, including the EU, Canada, and India, with some deals stalling as the administration uses the threat of tariffs as leverage.
The overall strategy reflects a shift toward using tariffs as a tool for broader economic and geopolitical objectives.
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