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Global markets are keeping a close eye on talks in Spain after U.S. President Donald Trump said the U.S.-China trade negotiations were progressing well.
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Tariffs triggered a plunge in China's exports to the United States, but its global trade surplus is larger because sales to other regions are surging.
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Treasury Secretary Scott Bessent, in Madrid for trade talks with China, said on Monday they have "a framework for a TikTok deal."
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Talks on trade were overshadowed by a "framework" deal regarding the social media platform, announced by Treasury Secretary Scott Bessent Monday.
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