The United States and China are set to hold a new round of high-level trade talks in Stockholm next week, with both sides aiming to extend the current pause on tariffs before a critical August 1 deadline.
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will lead the negotiations, which come as President Trump threatens to impose steep new tariffs on Chinese imports if no deal is reached. Bessent has signaled optimism about extending the truce, but also emphasized that the US is prioritizing the quality of any agreement over speed. The talks are part of a broader flurry of trade negotiations the US is conducting with multiple countries, using the looming tariff hikes as leverage.
Markets are closely watching the outcome, as failure to reach an agreement could escalate the trade war and impact global economic stability.
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