The United States and China are set to hold another round of high-stakes trade talks in Stockholm next week, with both sides considering an 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 on Chinese goods. President Trump has threatened a barrage of new tariffs on multiple countries, but officials suggest there may be flexibility for nations engaged in productive talks. The US is also negotiating separate deals with countries like the Philippines and Indonesia, while tensions with the EU and Canada remain high.
The outcome of these talks could have significant impacts on global markets and international trade relations.
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