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US, China agree to continue talks on tariff truce extension#shorts #china #tariffs #bessent
Bloomberg Television· 2025-07-29 18:31
Economic Overview - In-depth reports were presented on both the Chinese and US economies [1] Trade and Geopolitical Concerns - Concerns were expressed regarding Chinese overcapacity globally and its potential impact in the coming years [2] - Concerns raised about China's purchase of approximately 90% of sanctioned Iranian oil [2] - Regret expressed over the belief that China sold Russia about $15 billion of dual-use technologies [2] Strategic Economic Approach - The overall tone of the meetings was constructive, emphasizing derisking rather than decoupling, particularly in strategic industries [3] - Strategic industries mentioned include semiconductors and medicines [3] - The goal is to achieve balance within the relationships [3]