{"id":2736,"date":"2025-06-11T15:10:09","date_gmt":"2025-06-11T10:10:09","guid":{"rendered":"https:\/\/youdigital.pk\/en\/?p=2736"},"modified":"2025-06-11T14:13:08","modified_gmt":"2025-06-11T09:13:08","slug":"us-and-china-agree-on-framework-to-ease-export-curbs","status":"publish","type":"post","link":"https:\/\/youdigital.pk\/en\/2025\/06\/11\/us-and-china-agree-on-framework-to-ease-export-curbs","title":{"rendered":"US and China Agree on Framework to Ease Export Curbs"},"content":{"rendered":"

ISLAMABAD: The United States and China announced a new trade framework on Tuesday aimed at restoring their tariff truce and easing export restrictions.<\/strong><\/p>\n

This agreement marks a crucial step in cooling down the ongoing trade tensions between the two economic giants.<\/p>\n

After intense negotiations in London, US Commerce Secretary Howard Lutnick described the deal as adding \u201cmeat on the bones\u201d to last month\u2019s Geneva agreement, which sought to reduce retaliatory tariffs.<\/p>\n

Trade Talks and Export Restrictions<\/strong><\/p>\n

The Geneva agreement had faced setbacks due to China\u2019s ongoing export curbs on rare earth minerals, essential for many high-tech industries.<\/p>\n

In response, the US had imposed export controls on semiconductor software, aircraft components, and other goods destined for China.<\/p>\n

Under the new framework, some US export restrictions are set to be lifted, although details remain limited until both President Trump and Chinese President Xi Jinping approve the deal.<\/p>\n

Chinese Vice Commerce Minister Li Chenggang confirmed that the framework had been agreed upon in principle and would be reviewed by leaders of both nations.<\/p>\n

Market Reactions and Economic Impact<\/strong>
Investors reacted cautiously to the announcement, with Asia-Pacific shares seeing a modest increase amid hopes for reduced trade frictions.<\/p>\n

However, experts warn that the details of rare earths export and chip production will be crucial to sustaining progress.<\/p>\n

The two sides face a deadline of August 10 to reach a comprehensive deal; otherwise, tariffs could escalate dramatically, reversing recent gains.<\/p>\n

The ongoing trade war has weighed heavily on global growth forecasts and disrupted supply chains worldwide.<\/p>\n

The talks were given momentum by a recent phone call between Presidents Trump and Xi, which helped align their directives with the Geneva truce.<\/p>\n

Resolving restrictions on rare earth minerals, where China holds a near-monopoly, is a key element of the framework.<\/p>\n

As the world awaits further developments, both countries continue to seek a balanced solution to safeguard their economic interests.<\/p>\n","protected":false},"excerpt":{"rendered":"

ISLAMABAD: The United States and China announced a new trade framework on Tuesday aimed at restoring their tariff truce and easing export restrictions. This agreement marks a crucial step in cooling down the ongoing trade tensions between the two economic giants. After intense negotiations in London, US Commerce Secretary Howard Lutnick described the deal as …<\/p>\n","protected":false},"author":6,"featured_media":2737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1371,284,313],"class_list":["post-2736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","tag-china","tag-trade","tag-us"],"_links":{"self":[{"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/posts\/2736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/comments?post=2736"}],"version-history":[{"count":1,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/posts\/2736\/revisions"}],"predecessor-version":[{"id":2738,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/posts\/2736\/revisions\/2738"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/media\/2737"}],"wp:attachment":[{"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/media?parent=2736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/categories?post=2736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/tags?post=2736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}