US Treasury Secretary Scott Bessent will meet with Chinese officials in Stockholm next week to discuss extending the current tariff truce, as the August deadline for higher tariffs approaches.
Both sides are signaling optimism about reaching an agreement, with Bessent suggesting that the deadline for increased tariffs on Chinese goods is likely to be pushed back. The talks may also address broader issues, including China's purchases of oil from Russia and Iran. Meanwhile, President Trump continues to leverage tariffs in negotiations with other countries, announcing new deals and threatening higher duties to gain concessions.
The outcome of these talks is closely watched by global markets and could have significant implications for international trade.
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