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[US Treasury Secretary Predicts De-escalation Of US-china Trade War] US Treasury Secretary Scott Bessent Stated Tuesday That The US-china Trade War, Marked By High Reciprocal Tariffs (US 145%, China 125%), Is Unsustainable And Predicted A De-escalation In The Near Future. He Added That The Goal Is Not Decoupling But Rebalancing The Relationship, Acknowledging That Negotiations Will Be Difficult.
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