๐บ๐ธ๐จ๐ณ *BREAKING: U.S. Treasury Secretary Scott Bessent Announces U.S.-China Trade Agreement Aims to Stabilize Relations*
U.S. Treasury Secretary Scott Bessent has confirmed that a new trade framework between the United States and China, negotiated in London, is designed to stabilize the bilateral relationship between the two economic superpowers. The agreement includes provisions for China to expedite the export of critical rare-earth minerals and magnets, which are essential for U.S. industries. In return, Chinese students will be allowed to attend American universities. The U.S. will enforce a total of 55% tariffs on Chinese goods, while China will reduce its tariffs on U.S. goods from 125% to 10%.
Bessent emphasized that the deal is a step toward de-escalating trade tensions and fostering a more balanced economic relationship. He noted that the high tariff levels previously in place were unsustainable and that this agreement provides a path forward for both nations.
While the agreement is pending final approval from both President Trump and Chinese President Xi , it marks a significant move toward easing trade hostilities and promoting economic cooperation.
Investors and global markets are closely monitoring the developments, as the successful implementation of this agreement could have far-reaching implications for international trade and economic stability.
