5 takeaways from US-China trade truce

May 12, 2025 - 19:01
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5 takeaways from US-China trade truce
U.S. and Chinese trade negotiators agreed over the weekend to lower mutually imposed triple-digit tariffs in a significant de-escalation of the ongoing trade war between Washington, D.C., and Beijing. Treasury Secretary Scott Bessent said Sunday after talks in Switzerland that “substantial progress” had been made between the two countries. China and the U.S. agreed to…

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