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“The markets went up on the news that Treasury secretary said there will be deescalation of the tariff war with China. But all other news from China points to no progress” 😦 😦 

.Bessent said he believes that the prospect of de-escalation between the economic superpowers "should give the world, the markets, a sigh of relief. In the meantime, China reported no progress at all on their side for talks until tariffs are completed eliminated.

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