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May 22, 2018

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