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 in August.
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will lead the negotiations, focusing on avoiding a sharp escalation in tariffs that could disrupt global markets. While the Trump administration has struck deals with other Asian countries, the US-China relationship remains the centerpiece of global trade tensions. Bessent has signaled that the August 1 deadline for higher tariffs is 'pretty hard,' but also hinted at flexibility and a possible 90-day extension.
The talks underscore the administration's strategy of using tariff threats as leverage, prioritizing high-quality agreements over quick resolutions.
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