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U.S. Treasury Secretary Scott Bessent has been in Malaysia for two days engaging in trade negotiations with representatives from China. Apparently it’s been, as Bessent put it in a Sunday appearance on CBS’s Face the Nation, “a very good two days”—so good, he claims, that the deal to give an American company control of TikTok is all hashed out and ready to be sealed when presidents Trump and Xi meet in South Korea next week.
In fact, Bessent says the details were negotiated in Madrid,…
