Overview of the Agreement Between the USA and China and New Trade Opportunities

• The USA and China have reached an agreement that reduces tensions in trade relations.
• China has agreed to expedite the approval of licenses for American companies in exchange for the lifting of some US export restrictions.
• The Trump administration is working on agreements with 18 trading partners to improve conditions for American exporters.

This was reported by CNN, NBC News.

June 11, 2025 — Secretary of Commerce Howard Lutnick announced that the USA and China have reached an agreement during trade talks held in London. After 25 hours of negotiations, both countries decided to ease the tensions in trade relations that had arisen due to increased export restrictions.

Lutnick noted that the negotiations were conflict-free, and both sides consider the outcome beneficial. China agreed to the immediate approval of licenses for American companies that require rare earth magnets, while the USA will lift some export restrictions, although limitations on powerful artificial intelligence chips will remain in place.

Prospects for New Agreements

Meanwhile, Scott Bessent, the Secretary of the Treasury, expressed readiness to extend the 90-day tariff pause for countries negotiating in "good faith." According to him, the Trump administration is working on agreements with 18 key trading partners.

Bessent noted that it is likely that the USA will continue the pause periods for countries that demonstrate goodwill in negotiations. He also emphasized that the Trump administration is not rushing to finalize agreements, aiming to achieve the best conditions for American companies.

Thus, the USA is focusing on opening new markets for its exporters and reducing the trade deficit, which stands at $1.2 trillion. This is a strategic move aimed at improving conditions for American farmers, fishermen, and manufacturers.

Теги: США/Китай