The United States finalized a trade deal with China on Thursday that will see tariffs on Chinese imports fall to 55 percent (from 145 percent) and Chinese

BEIJING (Reuters) -Billions of dollars of Chinese goods have been impacted by additional U.S. tariffs since 2018, initially under the first Donald Trump presidency and later under the Biden administration. Returning to the White House this year, Trump has imposed even more duties on China.

The United States and China have reached an agreement regarding critical trade disputes, says President Trump. These disputes include rare earth metals and high-end chips. The agreement involved China easing up on rare earth exports,

U.S. Commerce Secretary Howard Lutnick said on Wednesday that the 55% tariffs imposed by the United States on China will not change after a trade deal was struck between the two countries.

China tariffs shouldn’t noticeably affect this year’s July Fourth fireworks but may have already tempered 2026’s semiquincentennial displays.

An interim trade deal between the U.S. and China will keep high tariffs in place between the two countries, President Donald Trump said Wednesday on social media.

Here are all the tariffs, counter-tariffs, dealmaking, and deal-breaking between the world’s two biggest economies.

Billions of dollars of Chinese goods have been impacted by additional U.S. tariffs since 2018, initially under the first Donald Trump presidency and later under the Biden administration. Returning to the White House this year,