US Treasury Secretary Scott Bessent announced that he will meet with Chinese officials in Stockholm next week to discuss extending the deadline for higher tariffs on Chinese imports. The talks come as the August 1 deadline for increased tariffs approaches, with both sides signaling a willingness to continue negotiations rather than escalate the trade war. While the US is striking new trade deals with other countries, the administration emphasizes that it values the quality of agreements over speed. The ongoing discussions may also expand to cover issues like China's oil purchases from Russia and Iran. Despite mounting pressure, business groups and officials remain optimistic that a US-China trade deal will eventually be reached.
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