US Treasury Secretary Scott Bessent will meet with Chinese officials in Stockholm next week to discuss extending the current tariff truce between the two countries, as the August deadline for higher tariffs approaches. The talks aim to avoid steep new tariffs on Chinese imports and may also address sensitive issues like China's purchases of Russian and Iranian oil. While the Trump administration has announced new trade deals with other countries, the US is prioritizing the quality of its agreement with China over speed. The looming deadline is being used as leverage to push for greater concessions from trade partners. Markets are watching closely, as the outcome could have significant impacts on global trade and economic stability.
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