Tag: WTO enforcement

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.

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.