US Treasury Secretary Scott Bessent has announced that he will meet with Chinese officials in Stockholm next week to discuss a possible extension of the deadline for new tariffs, signaling a potential pause in escalating trade tensions.
The talks come as President Trump pushes for sweeping new tariffs on multiple countries, with an August 1 deadline set for imposing duties on nations that have not reached trade agreements with the US. While the administration has described the deadline as 'hard,' officials have also suggested there may be flexibility for countries engaged in productive negotiations. The outcome of the US-China talks could influence global markets and the broader international trade landscape.
Additionally, the discussions may touch on China's purchases of Russian and Iranian oil, adding another layer of complexity to the negotiations.
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