Let's Chat About the Current Trade Negotiations Between the U.S. and China
Ongoing trade negotiations in the disputes between the United States and China - Ongoing dialogues in the US-China trade tariff disagreement
Fresh off the press! It's about the recent advancements in the trade war between the U.S. and China. Here's the gist:
A framework deal has been reached, ending days of intense negotiations in London. This deal, if approved, could potentially ease the ongoing trade tensions.
So, what's the deal, you ask? Well, under this proposal, China will maintain its existing 10% tariffs on American goods, while the U.S. will keep tariffs at 55% on Chinese goods [1]. While this agreement signals a step towards de-escalation, it's crucial to note that substantial tariff reductions aren't included in this initial deal.
Both powerful leaders, President Trump and President Xi Jinping, need to give their formal approval for this deal to move forward. Trump claims that the agreement is "done, subject to final approval" from both parties [1].
Recent weeks have been tense, with Beijing slashing its exports of vital rare earth elements to the U.S. by half over the past year. On the other hand, the Trump administration has been pondering over measures like withdrawing visas from Chinese students affiliated with the Chinese Communist Party [1].
The clock is ticking, and the agreement needs to be formalized before July 9 to prevent the reinstatement of record-high retaliatory tariffs [1].
Stay tuned for more updates!
- Trade Negotiations
- China
- USA
- Trade War
- Tariff Reduction
- London
- Howard Lutnick
- US President
- Jamieson Greer
[1] Source: Bloomberg News, June 12, 2025(For a deeper dive into the details, don't forget to check out this Bloomberg article)
The Commission, with an interest in policy-and-legislation and general-news, has decided to initiate a new round of negotiations on the new customs procedure between the United States and China, given the ongoing trade negotiations and trade war between the two nations. The politics surrounding this agreement are crucial as both leaders, U.S. President Trump and China's President Xi Jinping, need to give their formal approval for the deal to move forward.
