The United States and China are preparing for a critical round of trade talks in Stockholm, with hopes rising that the current truce on tariffs will be extended beyond the looming August 12 deadline. Top officials, including US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, are set to discuss not only tariffs but also China's heavy reliance on exports and its oil purchases from Russia and Iran. Both sides appear motivated to avoid a new escalation in the trade war, signaling a shift toward a more constructive dialogue. Progress has been made, but a comprehensive deal remains elusive as negotiators seek to address deep economic imbalances. The outcome of these talks could have significant implications for global supply chains and economic stability.
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