Lanette Harken Oyjm

#USChinaDeal The trade agreement between the United States and China has undergone significant changes. In June 2025, a framework was reached to implement the Geneva Consensus, which includes provisions for China to supply vital rare earth elements for American companies, especially in the automotive, semiconductor, and smartphone manufacturing sectors. *Tariffs and Agreements* - American tariffs on Chinese products were reduced from 145% to 55%. - China will reduce its tariffs on American products from 125% to 10%. - The agreement also includes concessions to allow Chinese students to continue studying in the United States. *Future Prospects* - Experts believe that this agreement is only a starting point and that there will be more sectoral negotiations in the future. - The small business community has expressed concerns about the impact of tariffs on their operations ¹. It is important to highlight that the trade agreement between the United States and China remains an evolving topic, and there are likely to be more developments in the future.