The United States and China are set to hold another round of trade talks in Stockholm next week, with both sides signaling a possible extension to the looming August 1 tariff deadline. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will lead the discussions, aiming to avoid steep new tariffs on Chinese goods. President Trump has used the threat of tariffs as leverage in negotiations, while also announcing new deals and tariffs with other countries such as the Philippines, Indonesia, and Canada. Despite earlier claims of a 'hard deadline,' US officials now suggest flexibility if talks are productive. The outcome of these negotiations could have significant impacts on global trade and financial markets.
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