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June 14,2025

Anna Murray 

After two days of intensive conflict-resolution negotiations in London, U.S. President Donald Trump announced that an agreement had been reached to ease tensions between the United States and China.

The U.S. delegation included Commerce Secretary Howard Lutnick, Trade Representative Jamieson Greer, and Bessent. The Chinese delegation was led by Vice Premier He Lifeng, who oversees economic affairs. On June 11, officials from both countries announced that they had agreed on a framework to implement their trade truce.

As part of the deal, China committed to supplying rare earth metals and magnets to American companies. In return, the United States agreed to withdraw its threat to revoke the visas of Chinese students.

Trade between the world's two largest economies had nearly ground to a halt following a steep escalation in tariffs. In a statement issued on June 10, President Trump said he would begin drafting letters outlining the terms of the new agreement, ahead of the July 9 deadline for reimposing higher tariffs on global partners.