The US and China are set to hold a new round of trade negotiations in Stockholm next week, with US Treasury Secretary Scott Bessent signaling that the August 1 deadline for higher tariffs on Chinese imports may be extended. The Trump administration is emphasizing the importance of securing high-quality trade agreements over rushing to meet deadlines. Talks may also expand to cover contentious issues such as China's purchases of oil from Russia and Iran. While some tariffs are still expected to take effect for other countries, the US is using the threat of higher tariffs as leverage in ongoing negotiations. The overall strategy reflects a shift toward using tariffs as a tool for broader geopolitical and economic objectives.
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