US Treasury Secretary Scott Bessent announced that he will meet with Chinese officials in Stockholm next week to discuss extending the deadline for increased tariffs, signaling a likely continuation of the current trade truce.
The talks come as the August 1 deadline for higher tariffs approaches, with both sides emphasizing the importance of securing a high-quality agreement rather than rushing to meet the deadline. The negotiations may also expand to cover broader issues, including China's purchases of oil from Russia and Iran. While President Trump continues to threaten new tariffs on other countries, the US-China discussions remain a focal point for global markets and trade policy.
Business groups and officials express cautious optimism that a deal will be reached, but acknowledge that significant challenges remain.
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