CWEB Business News – President Donald J. Trump has confirmed that the United States and China have officially signed a new trade agreement, signaling progress in de-escalating the long-standing trade tensions between the world’s two largest economies.

Speaking during a White House event on Thursday, President Trump revealed, “We just signed with China the other day,” though he did not provide further details regarding the scope or terms of the agreement.

A senior White House official later clarified that the newly signed deal builds upon the provisional framework reached during last month’s negotiations in Geneva, where both sides agreed to a temporary trade truce.

“The administration and China agreed to an additional understanding for a framework to implement the Geneva agreement,” the official stated. “This includes expediting rare earth shipments to the U.S.”

Key Developments in the Trade Agreement

• The deal comes in the wake of Geneva negotiations, which led to a 90-day postponement of planned tariff hikes while trade representatives worked toward a long-term resolution.

• Follow-up meetings in London helped formalize the structure of the agreement.

• The deal reportedly includes provisions to accelerate exports of rare earth elements to the U.S., a critical component in technology and defense manufacturing.

Commerce Secretary Confirms Agreement

Commerce Secretary Howard Lutnick confirmed in an interview with Bloomberg TV that the agreement was “signed and sealed” earlier this week, though he declined to elaborate on the details.

China’s government acknowledged the agreement on Friday, noting it will continue to process export applications for sensitive items “under Chinese law.”

Strategic Implications

The new trade deal could provide temporary relief to industries affected by tariffs and supply chain uncertainties. Market analysts and global investors are closely watching the implementation phase, especially around technology components and strategic resources like rare earths.

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