US EditionTrade War Truce Between US and China Is Back On
- US and China agreed this week on a framework deal to restore a fragile truce in their trade war following two days of talks in London.
- The agreement follows last month’s Geneva meeting where both sides committed to substantially lowering their tariffs by a combined total of 115 percentage points, and builds on a recent phone conversation between Presidents Trump and Xi Jinping that helped ease a prior deadlock.
- The framework sets US tariffs on Chinese imports at a fixed 55%, combining a baseline 10% reciprocal tariff, a 20% punitive tariff, and a 25% levy from Trump’s first term, while China’s tariffs remain at 10%.
- The agreement lifts limitations on China’s export of critical rare earth minerals and permits Chinese students to enroll in American universities, although many aspects of the deal's execution have yet to be clarified.
- Market responses remain cautious due to ongoing uncertainty and the Trump administration’s chaotic trade policies, while both countries plan to seek final presidential approval by August 10.
75 Articles
75 Articles
What did the US and China just agree to exactly?
Following talks in London on Sunday and Monday, the United States and China reached what President Trump called a “deal.” More precisely, as China’s trade representative Li Chenggang put it, the two sides agreed “in principle” to “a framework” that might actually “implement the agreements” the two sides reached last week and last month.This caution among Chinese negotiators reflects the tortuous path they have traveled to simply begin discussion…
Cautious optimism seen after new US-China deal - BusinessWorld Online
PHILIPPINE MARKETS could post some gains after the United States and China agreed to extend their tariff truce, but the optimism may be short-lived as investors remain cautious due to the ever-shifting trade dynamics between the world’s two largest economies. “It’s (this week’s deal) a positive development, but investors will wait and see whether it holds and actually becomes a definitive agreement. A lot of the deeper and more fundamental trade…
US and China reach framework agreement around new tariffs
The United States and China have reached a tentative framework agreement to ease ongoing trade tensions due to tariffs, following two days of high-level negotiations in London on June 9–10, 2025. This deal builds upon the earlier Geneva truce from May, which had
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