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Bessent: Trade Truce with China Not Rushed
Description
Treasury Secretary Scott Bessent discusses the upcoming trade truce expiration with China, suggesting no rush to extend it. He believes China will accept previous U.S. tariff rates, and plans to meet with his Chinese counterpart to finalize details before President Xis visit in September. Bessent highlights the establishment of protocols for managed trade, investment, and AI as key achievements, with potential targets for bilateral trade and discussions on AI guardrails.
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