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China and US Secure Milestone Trade Agreement, Averting November Sanctions
China and US Secure Milestone Trade Agreement, Averting November Sanctions
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BTCCSquare news:
The United States and China have reached a comprehensive trade agreement, resolving tensions that threatened to escalate into mutual sanctions. The deal, announced by the WHITE House, includes concessions on both sides: China will suspend planned export controls on rare earth elements and issue general licenses for key materials, while the flow of fentanyl precursors from China to the US will be blocked.
Market-moving provisions include China abandoning retaliatory measures against American semiconductor manufacturers and shelving demands for specific agricultural purchases. The resolution removes immediate uncertainty for global supply chains, particularly in technology and commodities sectors.
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