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FaryalBhutta
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#USChinaTradeTalks #USChinaTradeTalks The US-China trade talks have led to a significant agreement between the two nations. 🔸Key points include: 🔹Tariff Reductions: Both countries will lower tariffs by 115% while retaining a 10% tariff. 🔹Retaliatory Measures: China will remove retaliatory tariffs imposed since April 4, 2025, and suspend non-tariff countermeasures. 🔹Future Discussions: A mechanism will be established to continue trade and economic discussions. 🔹Fentanyl Crisis: Both nations will take aggressive actions to stem the flow of fentanyl and precursors from China. 🔹Trade Deficit: The agreement aims to address the US goods trade deficit with China, which was $295.4 billion in 2024. This deal marks a step towards rebalancing the trade relationship between the two countries$XRP
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$BTC $BTC The USA signaled a willingness to lift restrictions on some technology exports in exchange for guarantees that China will ease limits on the shipment of rare earths — essential elements for a wide variety of products in the energy, defense, and technology sectors, including smartphones, fighter jets, and nuclear reactor rods. China is responsible for about 70% of the world's rare earth production.
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