US Treasury Secretary Scott Bessent announced that the US and China will hold another round of trade negotiations in Stockholm next week, with a likely extension of the looming tariff deadline.
The Trump administration is emphasizing the importance of securing high-quality trade agreements over rushing to meet the August 1 deadline for imposing steep new tariffs. Talks may also expand to cover sensitive issues such as China's purchases of Russian and Iranian oil. While some tariffs on other countries are set to take effect, the US is using the threat of tariffs as leverage to extract better terms from trade partners.
The ongoing negotiations reflect a broader strategy to use tariffs as a tool for achieving favorable trade outcomes and potentially broader geopolitical goals.
.Here are the top political news stories for today.
Be the first to reply to this general discussion.
Join in on more popular conversations.
