The United States and China are set to hold high-stakes trade talks in Stockholm next week, with both sides aiming to extend a crucial tariff truce before steep new duties take effect in August.
US Treasury Secretary Scott Bessent has emphasized that while the Trump administration is prioritizing the quality of trade agreements over speed, the looming deadline is being used as leverage to secure better terms. The talks come amid a flurry of new US trade deals with other countries and threats of higher tariffs on imports from the EU, Canada, and others. Business groups and officials remain optimistic that a US-China deal will be reached, but uncertainty persists as the deadline approaches.
The outcome of these negotiations could have significant impacts on global markets and international trade relations.
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