US Treasury Secretary Scott Bessent announced that he will meet with Chinese officials in Stockholm next week to discuss a possible extension of the looming August 1 tariff deadline. The Trump administration is signaling flexibility on the deadline, emphasizing the importance of securing quality trade agreements over rushing deals. Talks may also address US concerns about China's purchases of Russian and Iranian oil, which could complicate negotiations. The US is using the threat of steep tariffs as leverage in ongoing trade talks with China, the EU, and other partners. Meanwhile, uncertainty over the deadline and potential tariffs is impacting global markets and trade relationships.
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