China trade deal signed ‘yesterday’ concerned prior agreement: White House
President Donald Trump announced a new trade deal with china during an event, creating some excitement about its potential.Though, a subsequent statement from the White House clarified that progress was being made on a previously established agreement, rather than signing a new deal outright. This understanding pertains to a framework for implementing a Geneva agreement, which is a preliminary trade pact stemming from negotiations in Switzerland.
The Geneva agreement aimed to address the important tariffs imposed by the U.S.-set at 55%-while China maintains a 10% tariff on American goods. Despite the optimistic remarks from Trump, who claimed that key concessions had been made, the two sides have previously accused each other of violating the terms of the agreement. As of now, further discussions have taken place, but no final agreement has been officially signed.
Trump-China trade deal signed ‘yesterday’ concerned prior Geneva agreement: White House
President Donald Trump turned heads Thursday by announcing a new trade deal with China, but it appears that the finish line hasn’t quite been crossed.
“Remember, a few months ago, the press was saying, ‘Do you really have anybody of any interest?’” Trump said at an event promoting his “big, beautiful bill.”
“Well, we just signed with China yesterday. Right? Just signed with China,” He continued.
JUST IN: President Trump says his administration has signed a trade deal with China.
“Remember a few months ago, the press was saying, ‘Do you really have anybody of any interest?’ Well, we just signed with China yesterday.” pic.twitter.com/i8akRviPim
— Collin Rugg (@CollinRugg) June 26, 2025
However, the White House released a statement that the Trump administration had made progress on a previously announced agreement instead.
“The administration and China agreed to an additional understanding for a framework to implement the Geneva agreement,” a White House official said.
The Geneva agreement is a preliminary trade pact that the two countries announced last month following negotiations in Geneva, Switzerland, in which Beijing sought relief from Trump’s 145% tariffs. Those punishingly high tariffs remain off the table, but the two sides have since accused the other of violating the framework.
Earlier this month, Trump announced that the United States was one step away from finalizing a trade deal with China and was awaiting only final approval from him and Chinese President Xi Jinping.
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Under that agreement, the U.S. would continue to impose 55% tariffs on China, while Beijing would retain a 10% tariff on American goods, according to Trump. The president said China also made key concessions on rare earth minerals exports to the U.S., a sticking point in negotiations, as the products are critical to the automotive, defense, and energy industries.
It seems further talks between the parties occurred yesterday, but a finalized agreement has yet to be signed.
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