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of <h1>Trade Tensions Escalate as US and China Face Economic Standoff with Massive Tariffs Threatening Global Market Stability</h1> A US Treasury official stated the ongoing trade tensions with China are unsustainable, anticipating potential de-escalation. Current tariffs stand at 145% from the US and 125% from China, causing market volatility and economic uncertainty. Despite expectations of negotiations, formal talks have not yet commenced, and the situation remains complex with potential long-term economic implications.
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