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China's Politburo pledged support for businesses affected by potential US tariff hikes following inconclusive trade talks in Stockholm. While both sides discussed extending a tariff deadline (August 12th), no agreement was reached. US Treasury Secretary Scott Bessent stated President Trump will decide on the next steps. China reiterated its commitment to stable trade relations but also its resolve to protect its interests, including energy security, amidst ongoing economic challenges like falling industrial profits and slowing growth.

Prepared by Christopher Adams and reviewed by editorial team.