US Treasury Secretary Scott Bessent has announced that he will meet with Chinese officials in Stockholm next week to discuss extending the current tariff truce, as the August 1 deadline for higher tariffs approaches. The talks are expected to focus on achieving a high-quality trade agreement rather than rushing to meet the deadline, with both sides signaling a willingness to negotiate further. The discussions may also expand to include sensitive issues such as China's purchases of oil from Russia and Iran. While President Trump continues to threaten new tariffs on multiple countries, the US-China negotiations remain a central focus for global markets and international trade stability. Business groups and officials express cautious optimism that a deal will eventually be reached, but significant challenges and leverage tactics remain in play.
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