In a significant development, President Donald Trump has declared that a trade truce has been signed between the United States and China, with the promise of 10 deals on the horizon. This announcement comes amidst ongoing tensions between the two economic powerhouses, which have been embroiled in a protracted trade war for several years.
According to a report by Bloomberg, Howard Lutnick, the CEO of Cantor Fitzgerald, confirmed the signing of the US-China trade truce and hinted at the imminent finalization of 10 deals between the two nations. This news has been further corroborated by the Financial Times, which highlighted Trump’s assertion of a signed trade deal with China.
The White House has also confirmed the agreement, with Reuters reporting that the deal will expedite rare earth exports from China to the United States. This move is seen as a significant step towards resolving the trade dispute that has had far-reaching implications for both countries and the global economy.
However, details of the agreement remain vague, as CBS News points out. While the formalization of the June talks into a trade deal has been confirmed, the specifics of the agreement are yet to be fully disclosed. This lack of clarity has left many observers and stakeholders eagerly awaiting further information on the terms and implications of the deal.
In a related development, President Trump has also announced the termination of all trade talks with Canada over a digital services tax, as reported by CNBC. This move underscores the complexity and multifaceted nature of international trade negotiations, with various factors influencing the outcomes of such discussions.
Overall, the announcement of a trade truce between the US and China, along with the prospect of 10 forthcoming deals, marks a potentially significant turning point in the ongoing trade tensions between the two nations. The implications of this agreement are likely to reverberate across global markets and economies, with stakeholders closely monitoring the developments in the coming days.
#NexSouk #AIForGood #EthicalAI #TradeDeal #GlobalEconomy
References:
– Bloomberg: [Lutnick Says US-China Trade Truce Signed, 10 Deals Imminent](https://news.google.com/rss/articles/CBMirAFBVV95cUxNS1BtR2FOdFRNd3l4Vm1oX0IwUEIwMF8xTGZtWmVENVhOTXJ4QVN2VVhBZTRpaUlyLTNNUWhrMWJma3BrM2RsQ1hVQzVmQ3BBUXB2Vm1mMHZwd21jN2U4d3BxM1lMLUpuOFlWTG14eUFKYkRYUnF0aGRIZ1dwU2F3WDZUbmJrOGR5aXV2S3cxTWF1cGRhdnpSYlkxVVZrTEVRZWYteU5jVTNJd2pT?oc=5&hl=en-US&gl=US&ceid=US:en)
– Financial Times: [Donald Trump says US-China trade truce has been ‘signed’](https://news.google.com/rss/articles/CBMicEFVX3lxTE5GSjdFTnRjY0xRanBoS1QxcWh3YVZzcDAwSGRBSUZodkxLb3dVamg3ajhObDZFWGJ3dk1qZ0E5UmVMcUg0eWxWNVliaFZPV3dJUTlCYlVpQ01YaC1Kd3o1cFFhLTdOVWNldFZaSC1MXzY?oc=5&hl=en-US&gl=US&ceid=US:en)
– CBS News: [Trump says U.S.-China trade deal reached](https://www.cbsnews.com/video/trump-says-us-china-trade-deal-reached/)
Social Commentary influenced the creation of this article.
