As the August 1 deadline for steep new US tariffs approaches, Treasury Secretary Scott Bessent has signaled that the US may extend the deadline for tariffs on Chinese imports, while maintaining pressure on other trade partners. Bessent emphasized that the Trump administration is prioritizing the quality of trade agreements over rushing to meet the deadline, and will meet with Chinese officials in Stockholm for further negotiations. The talks may also expand to cover sensitive issues such as China's purchases of Russian and Iranian oil. While some officials insist the August 1 deadline is firm for other countries, the US is using the threat of tariffs as leverage to secure better trade terms. The ongoing negotiations reflect a broader strategy to use tariffs as a tool for economic and geopolitical influence.
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