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 deadline.
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will lead negotiations focused on avoiding a sharp increase in tariffs on Chinese imports, originally set to take effect August 1. While the Trump administration has struck new trade deals with other Asian countries, the US is prioritizing the quality of its agreement with China over speed. Officials have signaled that the deadline could be extended by up to 90 days, but pressure remains high as the date approaches.
The outcome of these talks will have significant implications for global markets and the broader international trade landscape.
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