#TrumpTariffs Latest US-China Trade Agreement: A Step Towards Reducing Trade Tensions

Recently, the US and China reached a framework agreement to ease trade tensions, marking an important step in bilateral economic relations. According to an announcement from President Donald Trump, the US will impose a 55% tariff on Chinese goods, while China will impose a 10% tariff on US goods. This agreement, finalized after two days of negotiations in London (June 10-11, 2025), includes a commitment from China to supply rare earths and magnets in exchange for US support for Chinese students studying at American universities. The agreement is now awaiting final approval from Trump and President Xi Jinping, promising to usher in a new phase of cooperation and reduce prolonged trade conflicts.