China Seeks De-escalation Amid Ongoing U.S. Talks

Discussions between China and the U.S. continue, with China emphasizing the need for de-escalation in trade tensions. Analyst Bessent suggests that while tariffs imposed by the U.S. may signal a willingness to negotiate, they are not sustainable long-term. It remains unclear whether direct communication has occurred between President Trump and Chinese leader Xi Jinping.
— new from Axios

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