The United States and China are set to hold another round of trade talks in Stockholm next week, with both sides signaling a possible extension of the looming August 1 tariff deadline.
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will lead the discussions, aiming to avoid steep new tariffs and make progress on a broader trade agreement. President Trump has used the threat of tariffs as leverage in negotiations, sending letters to over 150 countries and announcing new duties on imports from nations like Canada, the EU, Indonesia, and the Philippines. While the administration has described August 1 as a 'hard deadline,' officials have also hinted at flexibility for countries engaged in productive talks.
The outcome of these negotiations could have significant impacts on global trade, markets, and diplomatic relations.
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