U.S. Treasury Secretary: The trade negotiations with China "will be a tough battle," and the goal is not to depeg the U.S. and Chinese economies.

On April 23, according to participants at the JPMorgan conference, U.S. Treasury Secretary Becerra stated that trade negotiations with China "will be a tough battle" and described the current bilateral trade situation as akin to an "embargo," stating that the goal of negotiations is not to depeg the U.S. and Chinese economies.

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