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China and the US have pledged to keep consulting each other in order to maintain stable trade development, according to Xinhua. The commitment was reported by First Squawk. The two sides did not disclose specific tariff, volume, or market-cap figures in the headline. The pledge matters because it signals a willingness to avoid further trade escalation between the world's two largest economies. What to watch next is whether the continued consultations produce concrete measures on tariffs and market access.

Muhabbit's AI wrote this summary of @FirstSquawk's post in its own words. It can get details wrong, so read the post on X.

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United States, China, Xinhua