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Bloomberg Quint
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US Treasury Secretary Bessent Warns China Against Devaluing Yuan
- US Treasury Secretary Bessent warns China against devaluing Yuan.
- Bessent says the selloff in US Treasuries is a normal deleveraging in the bond market.
- China's retaliation against the latest US tariff hikes on Chinese products prompts Bessent's warning.
- Bessent highlights that many countries surrounding China are seeking trade negotiations with the US.
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