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 deadline that would otherwise see steep tariffs snap back into place.
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will lead the negotiations, focusing on avoiding an escalation in the ongoing trade dispute. The Trump administration has signaled flexibility on the August 1 deadline, suggesting a possible 90-day extension, but maintains that tariffs remain a key leverage point. While some trade deals have been reached with other countries, the US is prioritizing the quality of agreements over speed, especially with China.
Markets are watching closely, as the outcome could impact global trade flows and economic stability.
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