Treasury Secretary Scott Bessent said he will meet next week with Chinese trade negotiators in Stockholm for discussions on avoiding steep tariffs.

Treasury Department Secretary Scott Bessent said Tuesday the Aug. 1 date set by President Trump for tariffs to hit countries that fail to negotiate deals with the U.S. is a “hard deadline.” Bessent during an interview on Fox Business’s “Mornings with Maria” said countries without trade deals will be hit with the “reciprocal” tariffs