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US, China to discuss tariff deadline extension in Stockholm, Bessent says
U.S. Treasury Secretary Scott Bessent said on Tuesday that he will meet his Chinese counterpart next week in Stockholm and discuss what is likely to be an extension of an August 12 deadline for a deal to avert sharply higher tariffs.
US, China likely to extend tariff truce as talks resume in Stockholm next week: Scott Bessent
Bessent also indicated the US hopes to use the meetings to press Beijing on broader economic issues, including reducing manufacturing overcapacity and encouraging the development of China’s consumer economy.
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