The United States and China are set to resume high-stakes trade talks in Stockholm next week, with both sides aiming to extend a crucial tariff truce before President Trump's August 1 deadline for sweeping new tariffs.
US Treasury Secretary Scott Bessent has indicated that an extension of the current pause on tariffs is likely, though other tariffs on countries like Canada and the EU may still take effect. The Trump administration is emphasizing the quality of trade agreements over speed, using the looming tariff hikes as leverage in negotiations. While some trade deals have been reached with countries like the Philippines and Indonesia, talks with China remain the centerpiece of US trade strategy.
Markets are closely watching these developments, as the outcome will impact global trade flows and economic stability.
.Here are the top political news stories for today.
Be the first to reply to this general discussion.
Join in on more popular conversations.
