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‘Truce fizzles’ as U.S.–China trade backlash resumes
The fragile trade truce between the U.
After months of relative calm, tensions between Washington and Beijing have erupted again following reciprocal tariffs and export curbs. The renewed confrontation has wiped out recent diplomatic progress, with analysts warning that political motives may dominate economic logic ahead of the U.S. election cycle. The IMF and WTO called for restraint to avoid another global trade shock. (AP)