China and U.S. Forge New Path in Trade Relations

A recent publication by CNBC reveals that the United States and China have reached a preliminary agreement on a trade deal after two days of discussions in London,complemented by a phone conversation between President Donald Trump and Xi Jinping,China’s leader.

In a post dated June 11 on his Truth Social platform, Trump indicated that the U.S. would impose a 55% tariff rate on Chinese goods, while China would respond with tariffs set at 10% for American products. Additionally, this arrangement includes easing restrictions from China on exports of rare earth minerals and magnets. The U.S., in turn, plans to lift the suspension of student visas for Chinese nationals attending American universities.

The White House provided further clarification to CNBC regarding these tariffs. They explained that the proposed 55% rate encompasses an existing 30% tariff already imposed,along with blanket duties of 10% applicable to all countries and specific levies of 25% targeting certain chinese imports. Although officials from China did not confirm every detail shared by Trump’s management, they acknowledged to the Associated Press that both nations had indeed established an agreement framework.

This development follows an earlier consensus between the U.S. and China to pause reciprocal tariffs for 90 days starting May 14. During this period, America reduced its staggering tariff rates against China from an eye-watering 145% down to just 30%, while China’s tariffs against U.S. goods were lowered from an equally high figure of 125% down to only 10%. If finalized successfully, this new framework could solidify those temporary measures into long-term stability for businesses navigating global trade—a much-needed reprieve since Trump’s presidency began in January.