US-China Trade Truce Signed, New Deals and Big Agreements Expected

The US and China have finalized a trade understanding, including China’s commitment to supply rare earths, which will lead to the lifting of US countermeasures once fulfilled. The agreement is part of broader US efforts to secure trade deals with major partners, with plans to finalize additional agreements soon. However, the scope of these deals remains uncertain, and they are unlikely to resolve all longstanding trade issues.