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U.S. Treasury Secretary Bessent Targets China Magnet Deal Completion by Thanksgiving

Treasury Secretary Bessent expressed optimism about finalizing the trade agreement with China involving magnets before the U.S. Thanksgiving holiday.

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Terms & Concepts
  • Trade Agreement: A negotiated arrangement between two or more nations outlining terms for exchanging goods or services.
  • Magnets: Materials or objects that produce a magnetic field, often used in manufacturing and technology applications.
  • Thanksgiving (U.S. holiday): An annual national holiday in the United States celebrated on the fourth Thursday of November.