Story perspectives

US-China Trade Pact: Tariff Truce and Deficit Drops

12/5/2025

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Summary

Story summary

In October, the United States and China reached a trade agreement extending the tariff truce and reducing barriers.
U.S. Trade Representative Jamieson Greer urged maintaining a stable trade relationship with China.
He noted a 25% drop in U.S. trade deficit with China since President Donald Trump took office.
Greer noted ongoing efforts to secure China purchases of U.S. goods, while TikTok's U.S. operations and rare earth exports remain under negotiation.

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Story summary

In October, the United States and China reached a trade agreement extending the tariff truce and reducing barriers.
U.S. Trade Representative Jamieson Greer urged maintaining a stable trade relationship with China.
He noted a 25% drop in U.S. trade deficit with China since President Donald Trump took office.
Greer noted ongoing efforts to secure China purchases of U.S. goods, while TikTok's U.S. operations and rare earth exports remain under negotiation.