U.S. trade delegation arrives for trade talks with China

Trade Talks & Expectations - US-China trade talks are happening in Sweden, with expectations lowered by the US Trade Representative who suggested an extension of the August 12th deadline would be a success [4][5][6] - An extension of the August 12th deadline is considered a "base hit" and could potentially lead to further talks between Xi Jinping and President Trump in the fall [6] - The US and China economies are large, and these talks have their own momentum, but the EU deal is being noted [7][8] - No major breakthroughs are expected in the immediate future [8] Delegation & Logistics - A US trade delegation, including Treasury Secretary Bessant, arrived for trade talks with Chinese Vice Premier Hleing at the Prime Minister's residence in Sweden [1][4] - The talks are expected to last approximately two days behind the scenes [5] - The Chinese delegation arrived in "nice cars," contrasting with older, less luxurious vehicles [9] - Swedish officials were observed driving Volvos, a brand now owned by a Chinese company [9]