The US and China are set to hold a new round of high-stakes trade talks in Stockholm next week, with both sides aiming to extend a crucial tariff truce before steep new duties take effect on August 1. US Treasury Secretary Scott Bessent has indicated that while the deadline is a 'hard' one, there is flexibility for an extension, and negotiations are progressing positively.
President Trump is leveraging the threat of tariffs not only with China but also with the EU, Canada, and other countries to secure more favorable trade deals. The administration is prioritizing the quality of agreements over speed, signaling that some tariffs may still be imposed on other nations even if a China deal is reached.
The outcome of these talks could have significant impacts on global markets and supply chains, as businesses and governments worldwide await clarity on future trade terms.
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