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China, US Reach Preliminary Trade Deal
Description
China and the U.S. reach preliminary agreement on tariffs and agricultural trade, aiming to finalize details soon. Both sides agree to establish trade and investment boards to keep talks moving. China plans to address non-tariff barriers and market access issues affecting U.S. farm products. No specifics on tariff cuts or product lists were disclosed. China also agreed to buy U.S. aircraft and ensure engine supply, but no numbers or details were provided. The U.S. expects China to purchase double-digit billions of farm goods over the next three years.
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