US Treasury Secretary Scott Bessent and Chinese officials are set to meet in Stockholm next week for a third round of trade talks, focusing on extending the deadline for new tariffs.
The August 1 deadline, initially described as a 'hard deadline' for imposing tariffs on countries without trade deals, may be more flexible than previously stated. President Trump is leveraging tariff threats to push for better trade terms, not just with China but also with the EU, Canada, Indonesia, and the Philippines. Markets appear to be taking a wait-and-see approach as negotiations continue and the US signals willingness to extend talks if progress is made.
The outcome of these discussions could have significant impacts on global trade and economic stability.
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