#USChinaTradeTalks US-China on the Brink 💥
Trade negotiations between the United States and China are in a fragile truce, with ongoing tensions and mutual accusations of breaching agreements. Here’s a summary of the topic:
Background:
* The trade war between the United States and China resurfaced after the return of US President Donald Trump to the White House, where he imposed escalating tariffs on Chinese goods.
* China responded by imposing similar tariffs, leading to a significant decline in trade between the two countries and disruption in global markets.
Latest Developments (June 2025):
* Temporary truce and tariff reduction: In mid-May, the two sides reached a "truce" for 90 days in Geneva, during which tariffs were significantly reduced:
* The United States reduced its tariffs on Chinese products from 145% to 30%.
* China reduced its tariffs on US imports from 125% to 10%.
* China also promised to lift restrictions on rare earth metal exports.
* Mutual accusations of breaching the truce:
* The United States accuses China: After the agreement, the United States accused China of not adhering to its promises, especially regarding its