High-level US and Chinese officials are set to meet in Stockholm for a crucial round of trade talks, with hopes rising that the current tariff truce will be extended beyond the looming August 12 deadline. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will lead discussions focused on reducing tariffs, addressing China's export dependence, and possibly including China's oil purchases from Russia and Iran. Both sides appear motivated to avoid a new escalation in tariffs, signaling a shift toward a more constructive phase in their economic relationship. The outcome of these talks could have significant implications for global supply chains and economic stability. Analysts are cautiously optimistic, but note that major sticking points remain unresolved.
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