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U.S. and China ratchet down rhetoric in trade disputes

US Secretary of the Treasury Steven Mnuchin, Chinese Vice Premier Wang Yang and US Secretary of Commerce Wilbur Ross pose for a photo
Treasury Secretary Mnuchin, Chinese Vice Premier Wang Yang and Commerce Secretary Ross. Photo: Brendan Smialowski/AFP via Getty Images

Trade disputes rarely escalate as quickly and intensely as the current U.S.–China spat, which has resulted in tariff volleys and vehement rhetoric from each side. But recent statements from both countries suggest that tensions may now be falling.

What's next: Trump indicated on Tuesday that he would send Treasury Secretary Mnuchin to China next week. As both sides have softened their stances, the stage is set for the two sides to consider returning to the negotiating table.