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Amidst a tense trade war, the U.S. and China are set to engage in preliminary talks in Geneva, though prospects for a swift resolution remain uncertain. Despite Trump's confidence in tariffs, China has retaliated, showing a willingness to withstand economic pressure.
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News and Media
US and China are set to meet in Switzerland for trade talks. This follows months of increasing tariffs between the two nations. These tariffs have negatively impacted exporters and economies. The US has tariffs of 145% on Chinese goods. China's tariffs on US goods are at 125%. Donald Trump is open to lowering tariffs if China makes concessions.
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News and Media
Oil prices surged nearly 2% on Friday, marking their first weekly gain since mid-April, fueled by optimism surrounding a U.S.-UK trade agreement and upcoming U.S.-China talks. Brent crude settled at $63.91 a barrel, while WTI reached $61.02, both benchmarks up over 4% week-over-week.
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News and Media
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