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US and China agree to slash tariffs in trade war de-escalation– business live

Treasury secretary Scott Bessent and US trade representative Jamieson Greer brief the media about trade talks with China

Bessent also suggests there is a possibility of agreeing purchase agreements with China, that could help lift the US trade deficit with China “into balance”.

Scott Bessent says there was a consensus from both the US and China delegations at last weekend’s talks that “neither side wants a decoupling”.

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