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U.S. Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng are holding important talks in New York ahead of Chinese President Xi Jinping's visit, aimed at easing trade and technological tensions between the two countries. The discussions address extending the trade truce that ended last November, ensuring no new restrictions are imposed on rare earth metal exports, and include talks on sanctions against Iran and China's support for its diplomatic role as a major buyer of Iranian oil. These meetings come as Trump prepares to host Xi Jinping in Washington during a state visit.
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