US Treasury Secretary Scott Bessent announced that he will meet with Chinese officials in Stockholm next week to discuss extending the deadline for higher tariffs on Chinese imports.
The talks come as the August 1 deadline for increased tariffs looms, with both sides signaling a willingness to negotiate further and possibly roll forward the deadline by 90 days. While the US is striking trade deals with other countries and threatening steep tariffs on nations like Canada and the EU, the China talks remain a focal point for global markets. Bessent emphasized that the US is prioritizing the quality of trade agreements over speed, using the threat of tariffs as leverage.
The outcome of these negotiations could have significant implications for global trade, supply chains, and economic stability.
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