The US and China are set to hold another round of trade negotiations in Stockholm next week, with a likely extension of the looming August tariff deadline on the table.
US Treasury Secretary Scott Bessent emphasized that the Trump administration is prioritizing the quality of trade agreements over meeting strict deadlines, signaling flexibility despite earlier hardline rhetoric. The talks may also expand to cover broader issues, including China's purchases of oil from Russia and Iran. While some tariffs are still expected to take effect on August 1 for other countries, the US is using the threat of higher tariffs as leverage to secure better deals.
The ongoing negotiations reflect a strategic shift toward comprehensive, high-quality trade agreements rather than quick fixes.
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