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US-China trade talks show progress despite disagreement over China's oil purchases from Iran and Russia. The US threatens a 100% tariff on Chinese goods if they don't cease, but China emphasizes its energy security. While optimism for a broader trade deal remains, China's firm stance highlights the complexities of linking trade with geopolitical issues. Treasury Secretary Bessent acknowledges China's strong position, but remains hopeful for a deal. Experts question whether the US will enforce the tariff threat, given potential consequences for overall trade relations.

Prepared by Rachel Morgan and reviewed by editorial team.