The United States and China have reached an agreement regarding critical trade disputes, says President Trump. These disputes include rare earth metals and high-end chips. The agreement involved China easing up on rare earth exports,

BEIJING (Reuters) -Billions of dollars of Chinese goods have been impacted by additional U.S. tariffs since 2018, initially under the first Donald Trump presidency and later under the Biden administration. Returning to the White House this year, Trump has imposed even more duties on China.

Triple-digit bilateral tariffs have been brought down to double digits. Negotiations on semiconductors and rare earth elements will continue.

China tariffs shouldn’t noticeably affect this year’s July Fourth fireworks but may have already tempered 2026’s semiquincentennial displays.

Shortly after President Donald Trump returned to the White House in January, he launched a tariff war against China, as part of a broader implementation of import taxes on goods from several dozen countries as Trump seeks to reset the foundations of global trade.

U.S. Commerce Secretary Howard Lutnick said on Wednesday that the 55% tariffs imposed by the United States on China will not change after a trade deal was struck between the two countries.

Jamie Dimon appeared at the 2025 Reagan National Economic Forum on Friday, saying he's concerned if the US can "get our own act together."

China plans to remove tariffs on imports from almost all African countries to further cement already close relations with the continent as it deals with the fallout of US President Donald Trump’s trade wars.

Billions of dollars of Chinese goods have been impacted by additional U.S. tariffs since 2018, initially under the first Donald Trump presidency and later under the Biden administration. Returning to the White House this year,