US Treasury Secretary Scott Bessent has announced that he will meet with Chinese officials in Stockholm next week to discuss extending the deadline for increased tariffs, signaling a likely continuation of the current trade truce. The talks come as the August 1 deadline for higher tariffs looms, but both sides appear focused on achieving a high-quality agreement rather than rushing to meet the cutoff. Bessent emphasized that the US is prioritizing favorable terms over speed, and that discussions may also expand to include issues such as China's oil purchases from Russia and Iran. The Trump administration is using the threat of tariffs as leverage in negotiations with multiple countries, but progress with China is seen as constructive. Business groups and officials remain optimistic that a deal will be reached, though the outcome remains uncertain as negotiations intensify.
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