{"id":2826,"date":"2025-06-12T12:39:29","date_gmt":"2025-06-12T07:39:29","guid":{"rendered":"https:\/\/youdigital.pk\/en\/?p=2826"},"modified":"2025-06-12T09:51:45","modified_gmt":"2025-06-12T04:51:45","slug":"us-china-trade-deal-nears-completion-trump-announces","status":"publish","type":"post","link":"https:\/\/youdigital.pk\/en\/2025\/06\/12\/us-china-trade-deal-nears-completion-trump-announces","title":{"rendered":"US-China Trade Deal Nears Completion, Trump Announces"},"content":{"rendered":"<p data-start=\"59\" data-end=\"548\"><strong>ISLAMABAD: US President Donald Trump declared the US-China trade deal &#8220;done,&#8221; following intense negotiations aimed at restoring a fragile trade truce between the two economic giants.<\/strong><\/p>\n<p data-start=\"59\" data-end=\"548\">The announcement came after two days of talks in London, which sought to build on a preliminary agreement made in Geneva last month.<\/p>\n<p data-start=\"59\" data-end=\"548\">This agreement focuses on easing retaliatory tariffs and removing Chinese export restrictions on critical industrial materials such as rare earth minerals and magnets.<\/p>\n<h3 data-start=\"550\" data-end=\"590\">Key Details of the Trade Agreement<\/h3>\n<p data-start=\"591\" data-end=\"1018\">Trump shared early details on his social media platform, Truth Social, highlighting that China will supply full magnets and necessary rare earths upfront.<\/p>\n<p data-start=\"591\" data-end=\"1018\">The US will also provide agreed benefits, including continued access for Chinese students to American colleges and universities.<\/p>\n<p data-start=\"591\" data-end=\"1018\">Tariffs were outlined, with the US imposing a combined 55% tariff on Chinese imports, while China will maintain a 10% tariff on US goods.<\/p>\n<h3 data-start=\"1020\" data-end=\"1055\">Background and Future Outlook<\/h3>\n<p data-start=\"1056\" data-end=\"1462\">The deal follows a call between Trump and Chinese President Xi Jinping, which helped break a deadlock caused by China\u2019s export curbs and US export controls.<\/p>\n<p data-start=\"1056\" data-end=\"1462\">US Commerce Secretary Howard Lutnick described the London talks as adding substance to the Geneva agreement, aiming to remove export restrictions in a balanced manner.<\/p>\n<p data-start=\"1056\" data-end=\"1462\">However, full implementation depends on final approvals by both presidents.<\/p>\n<p data-start=\"1464\" data-end=\"1838\">Despite progress, challenges remain as the two sides have fundamentally different views on tariffs and trade practices.<\/p>\n<p data-start=\"1464\" data-end=\"1838\">The agreement prevents the trade war from escalating but does not fully resolve underlying economic disputes.<br data-start=\"1695\" data-end=\"1698\" \/>Analysts note that while the talks have improved the situation, much work remains to reach a comprehensive deal by the August 10 deadline.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: US President Donald Trump declared the US-China trade deal &#8220;done,&#8221; following intense negotiations aimed at restoring a fragile trade truce between the two economic giants. The announcement came after two days of talks in London, which sought to build on a preliminary agreement made in Geneva last month. This agreement focuses on easing retaliatory &hellip;<\/p>\n","protected":false},"author":6,"featured_media":2828,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[300,282,284],"class_list":["post-2826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tie-business","tag-diplomacy","tag-tariffs","tag-trade"],"_links":{"self":[{"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/posts\/2826","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=2826"}],"version-history":[{"count":1,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/posts\/2826\/revisions"}],"predecessor-version":[{"id":2827,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/posts\/2826\/revisions\/2827"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/media\/2828"}],"wp:attachment":[{"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/media?parent=2826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/categories?post=2826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/tags?post=2826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}