The United States and China are set to hold a new round of trade talks in Stockholm next week, with both sides aiming to extend the current tariff truce before a looming August deadline.
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will lead the negotiations, which may also address broader issues such as China's purchases of Russian and Iranian oil. The Trump administration has signaled flexibility on the August 1 tariff deadline, but is using the threat of higher tariffs as leverage to secure better trade terms. While the US has struck new trade deals with other countries, the outcome of the US-China talks remains crucial for global markets and supply chains.
Both sides appear optimistic about progress, but significant differences remain on key issues.
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