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 President Trump pushes for new tariffs on multiple countries, with an August 1 deadline looming for higher rates on imports from China, the EU, and others. While the US is striking deals with some Asian nations, negotiations with China remain a top priority, and officials suggest the deadline could be rolled forward by 90 days. The US is emphasizing the quality of trade agreements over speed, using the threat of tariffs as leverage.
The outcome of these talks could have significant implications for global markets and supply chains.
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