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 looms, with both sides emphasizing the importance of reaching a high-quality agreement rather than rushing a deal. The negotiations may also expand to cover sensitive issues such as China's purchases of oil from Russia and Iran. While President Trump is pushing for new tariffs on other countries, the US-China discussions remain a focal point for global markets and economic stability.
Business groups and officials express cautious optimism that a deal will be reached, but warn that pressure remains high as the deadline approaches.
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