The US and China are set to hold another round of trade negotiations in Stockholm next week, with US Treasury Secretary Scott Bessent indicating that the looming August 1 tariff deadline may be extended. The Trump administration is prioritizing the quality of trade agreements over meeting strict deadlines, signaling a willingness to delay higher tariffs if progress is made. Talks may also expand to cover broader issues, including China's purchases of oil from Russia and Iran. While the US is pushing for more favorable terms, officials emphasize that they are not rushing deals just to meet the deadline. The outcome of these talks could have significant implications for global trade and economic stability.
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