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What are the main goals of the US and China in recent trade talks?
Both the US and China are focusing on preventing further escalation rather than resolving all trade issues. They aim to avoid new tariffs and export restrictions, with leaders like Trump and Xi seeking to stabilize relations temporarily while keeping key disagreements, such as rare earths and intellectual property, unresolved.
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Will tariffs be lifted after the APEC summit?
It’s unlikely that tariffs will be fully lifted immediately after the summit. While there may be commitments to avoid new tariffs, existing restrictions are expected to stay in place. The US is also investigating China’s compliance with the 'Phase One' deal, which could lead to new tariffs if violations are found.
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What issues still remain unresolved in US-China trade negotiations?
Major unresolved issues include disagreements over rare earths, intellectual property rights, and technology transfer. Despite some efforts to de-escalate, these core disputes continue to fuel tensions and complicate efforts to reach a comprehensive trade agreement.
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How could ongoing trade tensions affect global markets?
Trade tensions between the US and China can lead to market volatility, affecting stocks, commodities, and currency values worldwide. Uncertainty over tariffs and trade policies can slow economic growth and impact global supply chains, making investors cautious until clearer resolutions emerge.
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Are there any signs of a long-term resolution to US-China trade issues?
Currently, signs point to a limited de-escalation rather than a full resolution. Both sides are using strategic negotiations and investigations to gain leverage, indicating that a comprehensive deal may still be some way off. The situation remains complex, with many unresolved disputes likely to persist.