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U.S. and China Advance Trade Dialogue Ahead of Leaders’ Summit
Washington and Beijing negotiators made progress on tariff-rollback discussions and data-governance clauses ahead of next week’s Trump-Xi summit in Seoul. Officials confirmed draft language covering $150 billion in bilateral commerce, including semiconductor and clean-energy goods. Analysts say the framework could de-escalate supply-chain tensions and reinforce global manufacturing stability. The accord follows months of diplomatic outreach after pandemic-era disruptions, positioning both economies for renewed cooperation while balancing strategic competition in emerging technology sectors.
Tags:
- global
- trade
Reuters• By Harsh Ranjan
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positive
U.S. and China Advance Trade Dialogue Ahead of Leaders’ Summit
Washington and Beijing negotiators made progress on tariff-rollback discussions and data-governance clauses ahead of next week’s Trump-Xi summit in Seoul. Officials confirmed draft language covering $150 billion in bilateral commerce, including semiconductor and clean-energy goods. Analysts say the framework could de-escalate supply-chain tensions and reinforce global manufacturing stability. The accord follows months of diplomatic outreach after pandemic-era disruptions, positioning both economies for renewed cooperation while balancing strategic competition in emerging technology sectors.
Tags:
- global
- trade
Reuters• By Harsh Ranjan
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1 min read
72 words
U.S.–China negotiators neared consensus on a $150 billion trade framework, easing tariff strains and signaling broader economic stabilization before the Seoul summit.
Washington and Beijing negotiators made progress on tariff-rollback discussions and data-governance clauses ahead of next week’s Trump-Xi summit in Seoul. Officials confirmed draft language covering $150 billion in bilateral commerce, including semiconductor and clean-energy goods. Analysts say the framework could de-escalate supply-chain tensions and reinforce global manufacturing stability. The accord follows months of diplomatic outreach after pandemic-era disruptions, positioning both economies for renewed cooperation while balancing strategic competition in emerging technology sectors.
Washington and Beijing negotiators made progress on tariff-rollback discussions and data-governance clauses ahead of next week’s Trump-Xi summit in Seoul. Officials confirmed draft language covering $150 billion in bilateral commerce, including semiconductor and clean-energy goods. Analysts say the framework could de-escalate supply-chain tensions and reinforce global manufacturing stability. The accord follows months of diplomatic outreach after pandemic-era disruptions, positioning both economies for renewed cooperation while balancing strategic competition in emerging technology sectors.
Tags:
- global
- trade
- global
- trade
- US
- China
- policy