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US-China Trade Deal Finalized, Treasury Rejects Revenge Tax
US-China Trade Deal Finalized, Treasury Rejects Revenge Tax
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BTCCSquare news:
Commerce Secretary Howard Lutnick confirmed the successful conclusion of trade negotiations with China, marking a diplomatic victory for US-China relations. The agreement addresses critical supply chain vulnerabilities and secures access to rare earth materials essential for American manufacturing, including those used in wind turbines and jet engines.
The Treasury Department's rejection of revenge tax proposals signals a preference for negotiated settlements over escalatory measures. This MOVE is expected to reduce investment risks and stabilize trade policy impacts, particularly for sectors reliant on Chinese exports.
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