The US and China are set to hold another round of trade negotiations in Stockholm next week, with both sides signaling a likely extension of the current tariff truce beyond the looming August 1 deadline.
US Treasury Secretary Scott Bessent emphasized that the administration is prioritizing the quality of trade agreements over speed, suggesting that a rushed deal is not the goal. The talks may also expand to cover broader issues, including China's purchases of oil from Russia and Iran. While the US is preparing to impose steep tariffs on other countries, the tone with China remains constructive, with business groups and officials expressing optimism about reaching an eventual agreement.
The outcome of these talks will have significant implications for global markets and the future of international trade relations.
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