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Tag: Geneva trade pact
U.S. and China Revive Geneva Trade Pact: A Comprehensive Legal and Policy Analysis
The recent announcement that the United States and China have agreed to revive the Geneva trade pact marks a potential turning point in one of the most consequential bilateral relationships of the 21st century. Following two days of high-level negotiations in London, both nations emerged with a tentative framework aimed at deescalating years of economic hostility, trade barriers, and retaliatory tariffs. This agreement, while still awaiting final sign-off from Presidents Donald Trump and Xi Jinping, proposes to reduce tariffs and ease restrictions on critical exports such as semiconductors and rare earth materials.