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US, China Back Away from Tariff War

The U.S. and China said Sunday they have agreed to back away from imposing tough new tariffs on each other's exports, a day after reaching an accord calling for Beijing to buy more American goods to "substantially reduce" the huge U.S. trade deficit with China. U.S. Treasury Secretary Steven Mnuchin told Fox News the world's two biggest economic powers "have made very meaningful progress and we agreed on a framework" to resolve trade issues. "So right now...

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