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The US Treasury Department does not rule out a break in trade relations with China

April, 15 2025

Against the background of a mutual increase in import tariffs, US Treasury Secretary Scott Bessent does not rule out the possibility of a complete break in trade relations with China. He noted that although such an outcome is not mandatory, it is quite real.Bessent stressed that although a deal between the two countries is possible, it will be more difficult to achieve it than with other states. This is due to the fact that China is both the largest economic competitor and a military rival of th... Read More

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