Overview

• The June 27 accord builds on Geneva and London talks that paused steep U.S. and Chinese tariffs for 90 days to pave the way for further negotiations.
• Under the agreement, China will expedite approval of export applications for controlled goods, notably rare earth metals critical to technology and manufacturing.
• In exchange, the U.S. will lift a series of restrictive measures, including curbs on Chinese high-tech imports and U.S. export controls on chip and aerospace software.
• Neither Beijing nor Washington has disclosed the precise implementation schedule or the fate of the tariff suspension once the 90-day window ends in August.
• The deal marks a tentative de-escalation after duties climbed to 145% in the U.S. and 125% in China, though its long-term impact on global supply chains remains uncertain.