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BREAKING: The US has proposed extending its trade deal with China by 6 months ahead of President Xi's visit to the US, per NYT.
Officials are also discussing setting up dialogue on AI and promoting trade in "non-sensitive goods" like energy and consumer products between the US and China.
China is reportedly pushing for an extension of the trade deal for even longer than 6 months.
US markets rise to a new high of day on the news.
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