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China unveils outcomes of China-US economic, trade talks

China and the US have made progress in economic and trade talks, agreeing to suspend certain tariffs and export controls for one year, including the removal of "fentanyl tariffs" and reciprocal tariffs. Both sides also committed to anti-drug cooperation, agricultural trade expansion, and resolving corporate disputes. Experts emphasize the importance of China-US cooperation, particularly amid the 2025 APEC meeting where both nations play a critical role in advancing regional trade liberalization and multilateralism despite global headwinds. Meanwhile, the US Federal Reserve cut interest rates for the second consecutive month amid economic uncertainties, including a prolonged government shutdown which risks amplifying economic losses.

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