The US and China are set to hold a new round of trade negotiations in Stockholm next week, with Treasury Secretary Scott Bessent signaling that the looming August 1 tariff deadline may be extended. The Trump administration is prioritizing the quality of trade agreements over rushing to meet deadlines, even as pressure mounts with threats of steep new tariffs on multiple countries. Talks may expand beyond traditional trade issues to include China's purchases of Russian and Iranian oil, reflecting broader geopolitical concerns. While some tariffs are still expected to take effect on August 1, the US is using the threat of higher duties as leverage in ongoing negotiations with China, the EU, and other partners. The outcome of these talks could have significant impacts on global trade and economic stability.
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