US Treasury Secretary Scott Bessent has announced that he will meet with Chinese officials in Stockholm next week to discuss extending the deadline for increased tariffs on Chinese imports.
The talks come as the August 1 deadline for higher tariffs looms, but both sides appear open to an extension to avoid escalating the trade war. Bessent emphasized that the US is prioritizing the quality of trade agreements over speed, signaling a willingness to negotiate further rather than rush a deal. The discussions may also broaden to include issues like China's purchases of oil from Russia and Iran.
While the US is pressing for greater concessions, business groups remain optimistic that a deal will eventually be reached.
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