US Treasury Secretary Scott Bessent announced upcoming talks with Chinese officials in Stockholm, where extending the looming August 1 tariff deadline will be a key topic. The Trump administration is signaling flexibility on the deadline, prioritizing the quality of trade agreements over speed, though some officials still call August 1 a 'hard deadline.' The negotiations may also address US concerns over China's purchases of Russian and Iranian oil, which could complicate progress. Meanwhile, President Trump is pushing for higher tariffs on other trading partners, including the EU and Canada, using the threat of tariffs as leverage in ongoing negotiations. The outcome of these talks could have significant impacts on global trade and financial markets.
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