China, US reach new trade arrangement amid ongoing diplomatic efforts

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China and the United States have reached a new trade arrangement, announced by Chinese President Xi Jinping following recent consultations, including meetings in New York, and the extension of the trade truce by two months. This announcement is part of ongoing diplomatic efforts to manage economic disputes between the two countries. The market currently prices a 24% probability that Alibaba will be removed from the Chinese Military Companies list by June 30, 2027.

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