The US and China are set to hold a new round of high-stakes trade talks in Stockholm next week, with both sides aiming to extend the current pause on steep tariffs before an August deadline. US Treasury Secretary Scott Bessent has indicated that the Trump administration is prioritizing the quality of trade agreements over speed, but the looming deadline is being used as leverage in negotiations. While some progress has been made, including resumed talks and modest concessions, the threat of higher tariffs remains for countries that fail to reach deals with the US. President Trump is also pursuing separate trade agreements with other nations, but the US-China relationship remains the focal point of global trade uncertainty. Markets are closely watching these developments, as the outcome could have significant impacts on international commerce and economic stability.
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