Chinese policymakers on Monday sought to assuage concerns the broad U.S. tariffs could derail efforts to shore up a fragile economic recovery, even as analysts warn the hefty levies raise the risk of a sharp downturn in growth.

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U.S. Treasury Secretary Scott Bessent announced in interviews with CNBC and Fox News on Monday that trade agreements with certain countries will be finalized soon. He also mentioned that China is signaling a willingness to negotiate on tariffs,