US and China Edge Toward Tariff Truce as High-Stakes Trade Talks Loom

The United States and China are preparing for a critical round of trade talks in Stockholm, with both sides signaling a likely extension of the looming August 12 tariff deadline. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will lead discussions aimed at reducing tariffs and addressing economic imbalances, including China's heavy reliance on exports. The talks may also touch on sensitive issues such as China's oil purchases from Russia and Iran. Analysts see cautious optimism, noting recent progress and a shift toward a more constructive tone between the two economic superpowers. The outcome could have significant implications for global supply chains and economic stability.