The US and China are set to hold another round of trade negotiations in Stockholm next week, with US Treasury Secretary Scott Bessent signaling that the looming August 1 tariff deadline may be extended. The Trump administration is prioritizing the quality of trade agreements over meeting strict deadlines, even as steep tariffs threaten to take effect on imports from China and other countries. Talks may also expand to cover broader issues, including China's purchases of oil from Russia and Iran. While some tariffs are still expected to go into effect, the US is using the threat of higher duties as leverage to secure more favorable deals. The ongoing negotiations reflect a broader strategy of using tariffs as a tool to pressure trade partners and reshape global trade relationships.
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