The United States said it would temporarily to back off from threatening a trade war with China after Beijing agreed at the weekend to reduce the US trade deficit and to buy more American-made products, a move that US Treasury Secretary Steven Mnuchin would be buoyed by structural reforms in the Chinese economy that will enable fair competition.
Mnuchin said that Washington expects US agricultural exports to surge by 35-to-40%.
According to US media reports, Beijing has committed to increasing...
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