The US is likely to extend its looming tariff deadline with China, as Treasury Secretary Scott Bessent prepares for another round of trade talks in Stockholm. While the Trump administration maintains that August 1 is a 'hard deadline' for new tariffs on many countries, officials emphasize that securing high-quality trade agreements is more important than rushing deals. Negotiations with China may also expand to cover sensitive issues like Chinese purchases of Russian and Iranian oil. Meanwhile, the US is pushing for tougher tariffs on other trade partners, including the EU, Canada, and India, using the threat of steep duties as leverage. The overall strategy signals a shift toward using tariffs as a tool for broader geopolitical and economic objectives.
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