Trade War Truce: The Latest on U.S.-China Negotiations
Fresh dialogue initiates in trade feud involving America and China - US and China resuming talks over customs disagreement
Here's the scoop on the recent negotiation round between the US and China, straight up.
A potential "ceasefire" in the ongoing trade war seems to be on the cards, following a series of talks in London. According to President Donald Trump, a deal has been struck, pending the final green light from both him and Chinese President Xi Jinping. However, there's yet to be an official declaration from the Chinese government confirming the terms or clarifying Xi's stance on the matter.
Trump's take on the deal includes maintaining certain tariff levels: China will keep its 10% tariffs on US goods, while the US will continue to slap 55% tariffs on Chinese imports. *Nutshell,* this move is all about easing the heat between the two economic powerhouses.
This latest development mirrors an agreement made in May during Geneva talks, where the steepest retaliatory tariffs were put on hold for a 90-day period. This temporary truce is set to expire on July 9 unless it's officially formalized by both leaders[1].
Got any questions about the recent phone call between Trump and Xi? Sorry, I doesn't have the inside scoop just yet. The latest developments were shared post-London talks.
*Trade Dispute*Negotiation Round*US-China Relations*Donald Trump*China*US*London*Howard Lutnick*US President*Jamieson Greer
The Commission has decided to initiate a discussion on the policy-and-legislation and politics concerning the new round of negotiations on the new customs procedure between the United States and China, as this latest development on US-China Relations is a significant topic in the general-news. The upcoming negotiations between the US President, Donald Trump, and Chinese President Xi Jinping are poised to influence not just the trade dispute, but also the broader economic and political landscape of both nations.
