What are the main goals of the new US-China Trade Deal? What does this mean for the global market? Two of the world’s biggest economies, often at odds, are finally finding common ground. That’s the story unfolding now as the United States and China announce a new trade deal.

While it’s too early to gauge the full impact of the 2025 tariffs, early signs suggest some sectors are more exposed to short-term volatility than others.

The United States and China have agreed on a framework to implement their trade truce, officials on both sides said Wednesday, after concluding two days of talks in London to defuse tensions and ease export restrictions that threaten to disrupt global manufacturing.

From the impact of Trump and Xi’s call on Chinese factories to a groundbreaking plane radar, here’s a round-up from today’s coverage.

The total trade value between China and the US in the first five months of 2025 declined by 8.1 percent, with the US remaining China’s third-largest trading partner, according to the latest customs data released on Monday.

A White House official said the deal allows the U.S. to charge a 55% tariff on imported Chinese goods. This includes a 10% baseline "reciprocal" tariff, a 20% tariff for fentanyl trafficking and a 25% tariff reflecting pre-existing tariffs. China would charge a 10% tariff on U.S. imports.

US tariffs and the ensuing trade tensions are likely to indirectly impact China's state-owned, global systemically important banks due to their limited overseas exposures.

China returns to trade talks with the U.S. holding, from its view, a strong hand: Its economy is bearing up better than expected. And it has an ace card: rare earths.

Those tariffs, as well as uncertainties surrounding the global trade order after the Trump administration ordered a 90-day pause to its "reciprocal tariffs" on other trade partners, had accelerated China's exports in March and April, as factories rushed out shipments to the U.S. and overseas manufacturers.

Global shares are mixed as investors focus on the result of the ongoing trade talks between Washington and Beijing

House of Leon explores how recent shifts in tariffs and trade policies are accelerating the transformation of the furniture industry, changing where tables, sofas, and decor come from and at what cost.