The US and China are set to hold another round of trade negotiations in Stockholm next week, with a key focus on possibly extending the looming August 1 tariff deadline.
US Treasury Secretary Scott Bessent emphasized that the Trump administration is prioritizing the quality of trade agreements over rushing to meet deadlines, signaling flexibility despite earlier claims of a 'hard deadline.' The talks may also expand to cover sensitive issues such as China's purchases of oil from Russia and Iran. Meanwhile, the US is using the threat of steep tariffs as leverage in ongoing negotiations with multiple trade partners, including the EU and Canada.
The outcome of these talks could have significant implications for global trade and economic stability.
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