What are the main goals of the new US-China Trade Deal? What does this mean for the global market? Two of the world’s biggest economies, often at odds, are finally finding common ground. That’s the story unfolding now as the United States and China announce a new trade deal.

China returns to trade talks with the U.S. holding, from its view, a strong hand: Its economy is bearing up better than expected. And it has an ace card: rare earths.

The United States and China have agreed on a framework to implement their trade truce, officials on both sides said Wednesday, after concluding two days of talks in London to defuse tensions and ease export restrictions that threaten to disrupt global manufacturing.

A White House official said the deal allows the U.S. to charge a 55% tariff on imported Chinese goods. This includes a 10% baseline "reciprocal" tariff, a 20% tariff for fentanyl trafficking and a 25% tariff reflecting pre-existing tariffs. China would charge a 10% tariff on U.S. imports.

U.S. and China officials met in London Monday to defuse the trade war between the world's two largest economies. A key issue will be China's restrictions on exporting rare earth minerals, which are key to U.S. industries including auto manufacturing.

From the impact of Trump and Xi’s call on Chinese factories to a groundbreaking plane radar, here’s a round-up from today’s coverage.

The latest trade truce between China and the United States offers investors hope that the two superpowers can reach a lasting resolution and prevent further market disruption, but the absence of detailed terms leaves room for potential future tariff conflicts.

US tariffs and the ensuing trade tensions are likely to indirectly impact China's state-owned, global systemically important banks due to their limited overseas exposures.

While it’s too early to gauge the full impact of the 2025 tariffs, early signs suggest some sectors are more exposed to short-term volatility than others.

Those tariffs, as well as uncertainties surrounding the global trade order after the Trump administration ordered a 90-day pause to its "reciprocal tariffs" on other trade partners, had accelerated China's exports in March and April, as factories rushed out shipments to the U.S. and overseas manufacturers.

The total trade value between China and the US in the first five months of 2025 declined by 8.1 percent, with the US remaining China’s third-largest trading partner, according to the latest customs data released on Monday.