China and US reach landmark trade agreement, ending trade war

China and the United States have signed a significant trade agreement, with both sides confirming the development. The deal is expected to bring an end to the ongoing China-US trade war.

US President Donald Trump announced on Thursday that the agreement was signed on Wednesday, though he did not disclose the full details. Speaking at the White House during the “One Big Beautiful Bill” event, Trump said, “We signed an agreement with China yesterday. This deal marks the beginning of opening China up in ways previously thought impossible.”

China confirmed the agreement on Friday, stating that Washington would lift certain sanctions, while Beijing would review and approve export-controlled products.

US Trade Representative Howard Lutnick noted that the US and China finalized the trade understanding in Geneva last May. He added that the White House plans to soon reach similar agreements with ten major trading partners.

Lutnick explained that the agreement includes China’s commitment to supply rare minerals critical for manufacturing everything from wind turbines to fighter jets. “Once completed, we will withdraw retaliatory measures against China,” he said.

The trade war began after Donald Trump started his second term as US President by imposing heavy tariffs on Chinese imports. China retaliated with its own measures. Over time, Trump softened his stance and initiated negotiations to resolve the dispute.