Security guards walk in front of containers at the Yangshan Deep Water Port in Shanghai, China April 24, 2018. REUTERS/Aly Song
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China's government Monday praised a significant cooling of trade tensions with the United States, saying agreement was in both nations' interests while state media trumpeted what it saw as Beijing's refusal to surrender to U.S. economic threats. China's relief, coming after talks last week between the world's two largest economies, elicited mixed reactions from U.S. business leaders, with some happy to see the prospect of tariffs fade and others saying it would be hard for the Trump administration to regain momentum to address what they see as troubling Chinese policies.U.S. Commerce Secretary Wilbur Ross will travel to China next week to help finalize a trade agreement, Mnuchin told reporters at the White House Monday.Beijing and Washington said they have agreed to keep talking about measures under which China would import more U.S. energy and agricultural commodities to narrow the $335 billion annual U.S. goods and services trade deficit with China.During an initial round of talks this month in Beijing, the United States demanded that China reduce its trade surplus by $200 billion.Some analysts in Beijing warned that trade tensions would persist and that China should prepare for more action on trade from the Trump administration.
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