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Reuters
Reuters
Business

U.S. weighing China currency pact as part of partial trade deal - Bloomberg

FILE PHOTO: Aides set up platforms before a group photo with members of U.S. and Chinese trade negotiation delegations at the Diaoyutai State Guesthouse in Beijing, China February 15, 2019. Mark Schiefelbein/Pool via REUTERS/File Photo/File Photo

(Reuters) - The United States is weighing a currency pact with China as part of a partial deal that could see a planned tariff hike next week being suspended, Bloomberg reported on Wednesday, citing people familiar with the talks.

The White House is looking to roll out a formerly agreed currency pact with China as part of what it regards as a first-phase agreement with Beijing, according to the report, which added that it will be followed by further talks on issues like forced technology transfers and intellectual property.

(Reporting by Kanishka Singh in Bengaluru; Editing by Shri Navaratnam)

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