Catenaa, Friday June 27, 2025- The United States and China have confirmed a new trade framework following a series of high-level negotiations, signaling a thaw in years of tense economic relations. China’s Commerce Ministry said Friday (Today) that both countries had finalized details of an agreement struck earlier this month in London.
Under the deal, the United States will lift certain trade restrictions, while China will review and process applications related to export-controlled goods. The move comes after talks in Geneva and London aimed at halting the escalation of tariffs between the world’s two largest economies.
President Donald Trump said late Thursday the agreement had been signed and that discussions with India were also advancing.
“We just signed with China the other day,” Trump said, without offering specifics. Commerce Secretary Howard Lutnick told Bloomberg that the pact was “signed and sealed” two days earlier.
A White House official confirmed that both countries also reached a side agreement to streamline the shipment of rare earth materials to the US, a priority for Washington given their critical role in electronics, electric vehicles and defense technologies.
China’s April decision to require export licenses for rare earths was widely viewed as retaliation for US tariffs. The new pact is expected to ease those tensions.
Global markets responded positively, with stocks in Europe and Asia rising on optimism over trade stability.
Separately, China announced that Foreign Minister Wang Yi will visit Brussels, Berlin and Paris next week for diplomatic talks with European leaders.
