Tag: strategic decoupling

2025 U.S.-China Trade Framework: On June 11, 2025, the United States and China unveiled a preliminary framework aimed at resolving some of the long-standing trade frictions that have characterized bilateral relations over the past decade. The framework, discussed in closed-door sessions held in London, marks a tentative thaw following years of tit-for-tat tariffs, retaliatory measures, and strained diplomatic exchanges. Among the central features of the proposed arrangement are China's agreement to lift certain export controls on rare earth minerals and the United States' partial rollback of export restrictions on semiconductor-related software and aviation technologies.

U.S.-China Trade Talks: On May 9, 2025, global oil markets experienced a modest uptick, with Brent crude rising to $63.07 per barrel and U.S. West Texas Intermediate reaching $60.12 per barrel. This increase follows a 3% surge the previous day, primarily attributed to easing trade tensions between the United States and China, the world's two largest oil consumers. The anticipation of high-level trade discussions scheduled for May 10 in Switzerland between U.S. Treasury Secretary Scott Bessent and China's Vice Premier He Lifeng has injected cautious optimism into the markets.