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Home World Australia

Deal gets US-China trade truce back on track: Trump

11 June 2025
in Australia
Deal gets US-China trade truce back on track: Trump
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Summary

A deal to revive the fragile truce in the US-China trade war has been reached, as announced by US President Donald Trump following extensive negotiations in London. The agreement includes a framework for tariff rates, removing Chinese export restrictions on rare earth minerals, and allowing Chinese students access to US universities, but it is subject to final approval by both leaders. The established tariffs will see the US imposing a 55% rate on Chinese imports, while details on implementation remain unclear.

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Tags: BusinessdealtracktradetruceTrumpUSChina
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