U.S. Treasury Secretary Basant: Substantial progress has been made in trade negotiations with China, details will be announced on Monday.

On May 12, according to Reuters, U.S. Treasury Secretary Becerra stated that substantial progress has been made in trade negotiations with China and that detailed information will be provided on Monday. U.S. Trade Representative Jamieson Greer indicated that the differences between the two sides are not as great as previously thought.

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