US Treasury Secretary Scott Bessent has announced that he will meet with Chinese officials in Stockholm next week to discuss extending the deadline for increased tariffs on Chinese imports.
The talks come as the August 1 deadline for higher tariffs approaches, with both sides signaling a willingness to prioritize a high-quality agreement over a rushed deal. While the US is using the threat of tariffs as leverage in negotiations with multiple countries, the focus remains on reaching a constructive outcome with China. The discussions may also expand to include issues such as China's purchases of oil from Russia and Iran.
Despite ongoing tensions, business groups and officials remain optimistic that a US-China trade deal will eventually be reached.
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