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