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U.S. and China Back Away from Threats of Trade War

HeadlineMay 22, 2018

The United States and China have agreed to hold further talks about trade and exports, as the world’s two largest economies step back from the brink of a global trade war. Over the weekend, Treasury Secretary Steve Mnuchin said the threatened trade war would be put “on hold,” backing the U.S. away from imposing tariffs on $50 billion of China’s exports to the United States, while China appears to have committed to importing more energy and agricultural commodities from the United States.

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