Michael Pillsbury discusses the state of trade negotiations between the U.S. and China. He speaks with Bloomberg's David Westin on Bloomberg Markets: Balance of Power.

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This photograph shows a Dassault Rafale aircraft parked on the tarmac of the French Air and Space Force Luxeuil-Saint-Sauveur Airbase in Saint-Sauveur, France, on March 18, 2025. (Ludovic Marin/AFP via Getty Images)