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.

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.

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.

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 legal confusion over tariffs has buffeted U.S. trading partners around the world, casting doubt on the durability of Trump’s favorite bargaining tool.

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.

The White House announced a new trade deal Wednesday with China, featuring a 55% tax on Chinese imports. Economists are warning that it could cause cost increases for businesses and consumers.

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.

China has approved “a certain number” of export permits for rare earth elements and related items, its commerce ministry spokesman said on Thursday