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The United States and China have moved from a trade war of tariffs to a trade détente, with both sides halting the imposition of new tariffs and beginning to strengthen economic cooperation. These developments are the result of ongoing negotiations and economic pressures, leading to improved trade relations and reduced tensions. This comes at a time when global oil and rice markets are heading toward greater stability, with indications that both countries have managed to avoid a full escalation of their trade disputes, thereby contributing to global market stability and boosting prospects for economic collaboration between them.
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