Jamieson Greer

Chinese state media ran a few victory laps on Sunday and Monday over news that U.S. and Chinese negotiators reached a provisional trade agreement after two days of talks in Kuala Lumpur, Malaysia. 

For Beijing, the decisive moment came when Trump’s threat proved real. “If there hadn’t been a deal,” Bessent said, “then TikTok would’ve gone dark in 48 hours.”

LONDON — The United States and China have agreed to a new trade framework aimed at restoring a stalled truce and stabilizing key economic ties. The agreement, reached during two days of talks at Lancaster House in London, includes provisions on critical mineral exports, tariff levels, and Chinese student access to U.S. universities.

The U.S. will reduce its reciprocal tariff on Chinese imports to 10 percent, down from the 125 percent level imposed during the height of the trade standoff earlier this year.

From obscure licensing delays in Vietnam to sky-high dairy tariffs in Canada, the list highlights what officials describe as a global trading system in need of rebalancing.