Archive · 11 Jun 2025
U.S., China Reach Trade Deal; Subject to Final Approval
The U.S. and China have agreed on a trade deal!
The deal involves the U.S. getting rare materials and China possibly sending students to U.S. universities.
The U.S. will keep tariffs at 55% on goods from China, while China will keep tariffs at 10% on U.S. goods.
Both countries need to officially say 'yes' to the deal.
The deal follows difficult talks.
Both sides hope this will bring back trust and decrease trade issues.
U.S. and China reached a trade deal subject to final approval by leaders.
The deal involves supply of rare earths and potential access to U.S. universities for Chinese students.
U.S. tariffs will be 55%, while China's will be 10% under the agreement.
The agreement follows high-level trade talks in London.
The U.S. and China had previously engaged in a trade war with escalating tariffs.
- Who
- United States and China.
- What
- U.S. and China reached a trade deal.
- When
- Wednesday, after discussions in London.
- Where
- London.
- Why
- To resolve trade tensions and establish trade agreements.
- Meeting Location
- London
- Deal Status
- Subject to final approval
- U.S. Tariffs
- 55%
- China Tariffs
- 10%
- Key Elements
- Rare earths and university access
Sources
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