US-China trade deal has been signed, says Trump

While details of the new US-China trade deal are unclear, it will likely ease restrictions on rare earth metals and high tech products

A handshake with one hand painted in the colours of the US flag and the other in the colours of the Chinese flag, symbolising improved US-China trade relations
(Image credit: Yaorusheng via Getty Images)

US-China trade could be back on track, as president Donald Trump announces that the two superpowers have agreed a “very big” trade deal.

While few details of the US-China trade deal are yet known, a White House official confirmed to press on 26 June that the countries had agreed “an additional understanding of a framework to implement the Geneva agreement” – referring to the step-down in the US-China trade war agreed in May.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Swipe to scroll horizontally

Country

2023 GDP ($ trillion)

USA

27.72

China

17.79

Germany

4.53

Japan

4.20

India

3.57

UK

3.38

Dan McEvoy
Senior Writer

Dan is a financial journalist who, prior to joining MoneyWeek, spent five years writing for OPTO, an investment magazine focused on growth and technology stocks, ETFs and thematic investing.

Before becoming a writer, Dan spent six years working in talent acquisition in the tech sector, including for credit scoring start-up ClearScore where he first developed an interest in personal finance.

Dan studied Social Anthropology and Management at Sidney Sussex College and the Judge Business School, Cambridge University. Outside finance, he also enjoys travel writing, and has edited two published travel books.