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China & US Ease Trade Tensions: Tariff Cuts & New Trade Boards
Description
China and US ease trade tensions, lowering import duties on goods, particularly in agriculture. Details still being worked out, but signals a step towards stabilizing their relationship. Chinese Ministry of Commerce emphasizes dialogue and cooperation. Potential benefits for farmers and consumers, with China committing to purchase US aircraft and address beef and poultry import concerns. New channels for ongoing discussions established.
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