Top US and Chinese officials are set to meet in Stockholm for a crucial third round of trade negotiations, with hopes high that the current truce on tariffs will be extended beyond the looming August 12 deadline. Both sides appear motivated to avoid escalating trade tensions, with the US Treasury Secretary signaling optimism about progress and a possible extension. Key issues on the table include China's heavy reliance on exports, its purchases of Russian and Iranian oil, and broader economic imbalances. The talks are seen as pivotal for global supply chains and economic stability, as the world's two largest economies seek to rebalance their trade relationship. Analysts are cautiously optimistic, noting a shift in tone and the potential for a more constructive phase in US-China economic relations.
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