US Treasury Secretary Scott Bessent announced plans to meet with Chinese officials in Stockholm next week to discuss a possible extension of the deadline for imposing new tariffs, signaling a potential truce in the ongoing US-China trade dispute. The talks come as President Trump pushes forward with a broad tariff agenda targeting multiple countries, with an August 1 deadline looming for new duties. While the administration has called this a 'hard deadline,' recent comments suggest some flexibility if negotiations are productive. The discussions may also address China's purchases of Russian and Iranian oil, adding complexity to the talks. Meanwhile, global markets are reacting to the uncertainty, and other countries like the EU and Canada are preparing countermeasures.
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