#USChinaTradeTalks

Key Developments:

1. Record U.S. Goods Deficit with China: The trade deficit reached $295 billion in 2024. 📈💲📉

2. Significant Decline in Chinese Exports to the U.S.: A 30%+ decrease in May 2025 shipments was observed. ⬇️🇨🇳🇺🇸

3. Temporary Tariff Suspension: A 90-day truce has been implemented, freezing tariffs until mid-August. ⏸️⚖️⏳

4. High-Level Bilateral Meeting: A summit in London is underway, addressing technology, rare earth elements, and other critical issues. 🤝🇬🇧🌎