WASHINGTON -- Much of the world breathed a sigh of relief on Monday when the U.S. and China agreed to reduce tariffs on each other by 115 percentage points. The two countries will now, according to the White House, work "toward a rebalancing."
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US seeks 'great rebalance' with China beyond trade
Bessent sees dollar's oversupply threatening currency's supremacy
U.S. Treasury Secretary Scott Bessent, U.S. President Donald Trump, and Chinese President Xi Jinping. (Source photos by AP)
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