The US and China are set to hold a new round of trade negotiations in Stockholm next week, with both sides signaling a likely extension of the looming August tariff deadline.
US Treasury Secretary Scott Bessent emphasized that the Trump administration is prioritizing the quality of trade agreements over speed, suggesting that the US is not rushing to finalize deals before the deadline. The talks may also expand to cover sensitive issues such as China's purchases of oil from Russia and Iran. The potential extension of the tariff truce is seen as a move to maintain pressure on trade partners while seeking more favorable terms.
Meanwhile, President Trump continues to threaten new tariffs on other countries, keeping global markets on edge.
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