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The trade negotiations between the United States and China are in a fragile truce, with ongoing tensions and mutual accusations of violating agreements. Here is a summary of the topic:

Background:

* The trade war between the United States and China resurfaced after President Donald Trump returned to the White House, imposing escalating tariffs on Chinese goods.

* China responded by imposing similar tariffs, leading to a significant decline in trade between the two countries and disruptions in global markets.

Latest Updates (June 2025):

* Temporary truce and tariff reductions: 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 American imports from 125% to 10%.

* China also promised to lift restrictions on rare earth metal exports.

* Mutual accusations of violating the truce:

* United States accuses China: After the agreement, the United States accused China of not adhering to its promises, especially regarding lifting restrictions on rare earth metal exports.

* China accuses the United States: China accused the United States of violating the agreement by halting the sale of computer chip design programs to Chinese companies, warning against the use of Huawei chips, and canceling student visas for Chinese nationals.