Business | Jun 14th 2025 Edition

America and China reached a tentative agreement on trade following talks in London that were attended by senior members of both governments. America’s main sticking-point was greater access to China’s rare earths, which the White House said had been resolved. Under the framework America will still charge a 55% tariff on Chinese goods, made up of a 10% reciprocal levy, 20% tariff related to fentanyl smuggling and 25% in existing duties. Donald Trump described it as a done deal, which would include Chinese students “using our colleges and universities”.