Trump's latest trade 'deal' with China underscores key U.S. disadvantage
Source: Politico
Trump’s latest trade ‘deal’ with China underscores key U.S. disadvantage
After two days of talks in London, China and the U.S. announced the outlines of an agreement to honor a deal they agreed to last month in Geneva.
By Daniel Desrochers, Ari Hawkins, Phelim Kine and Megan Messerly
06/11/2025 01:43 PM EDT
For the second time in two months, President Donald Trump on Wednesday touted a “deal” with China. There’s one problem: It’s largely the same deal the two countries agreed to last month.
And the initial readouts of the handshake agreement underscore just how far the Trump administration is from achieving its larger goals in the trade negotiations with Beijing.
“The two sides have already met once to try to de-escalate and basically agree to stop punching each other in the face with extreme tariffs,” said Emily Kilcrease, a former deputy assistant U.S. Trade Representative from 2019 to 2021. “And now they’ve come back together to say ‘Yes, we’ve already agreed we should stop punching each other in the face. Let’s actually stick to it this time.’”
Speaking late Tuesday in front of the ornate London mansion where they’d just held two days of talks, Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer told reporters the world’s two largest economies had agreed to ratchet back actions both sides have taken since they announced an initial deal to cool tensions on May 12. The “framework,” as officials from both countries described it, still needs to be approved by Trump and China’s leader, Xi Jinping, and many elements remain outstanding.
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Read more: https://www.politico.com/news/2025/06/11/trump-announced-another-deal-with-china-will-it-hold-00400288
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