Commerce Secretary Howard Lutnick said a 90-day extension of a trade truce with China was a likely outcome with negotiations between the two countries underway in Stockholm.

The U.S. has reached trade agreements with Thailand and Cambodia, Commerce Secretary Howard Lutnick said. President Trump has set an Aug. 1 deadline for countries to reach deals before he imposes higher tariffs.

Commerce Secretary Howard Lutnick said Wednesday that Thailand and Cambodia reached trade agreements with the U.S. just days after the Southeast Asian countries agreed to a ceasefire to end five days of deadly clashes along their border.