
US-China export restrictions ease, but Trump powers ahead on tariffs: ‘It's just much easier'
'Currently, both teams are working quickly to implement the results outlined in the London framework', China's commerce ministry said in a statement, referring to the June meetings.
Beijing is now 'reviewing applications for export licences of controlled items that meet the requirements', it said.
'The US side is also taking corresponding actions and has lifted a series of restrictive measures against China, the details of which have been communicated to the Chinese side,' it added.
The world's two top economies agreed to an outline of a deal to walk back from the brink of staggering tariffs at last month's meetings in London, with concessions including Beijing's resumption of key rare earth exports.
Washington has also recently lifted rules for certain exports to China, including by removing licence requirements for shipping ethane to the country, according to a Bloomberg report this week.
China's commerce ministry statement added that 'the London framework was hard-won' - and warned that 'blackmail and coercion will lead nowhere'.
'We hope the United States will... continue to work in the same direction as China (and) further correct its erroneous practices.'
Costfoto/NurPhoto via Getty Images
Prior to the London talks, Beijing and Washington had agreed to temporarily lower steep tit-for-tat tariffs on each other's products.
But US officials later accused Beijing of violating the pact and slow-walking its approvals of export licences for rare earths - the global production of which is dominated by China.
US President Donald Trump said on Sunday that the United States was 'getting along well with China'.
He plans to start sending letters informing trading partners of their tariff rates as soon as Friday, as negotiations to avoid higher US levies enter the final stretch.
'My inclination is to send a letter out and say what tariff they're going to be paying,' he told reporters on Thursday.
It's just much easier.
Donald Trump
He added: 'We're going to be sending some letters out, starting probably tomorrow.'
His comments come days before steeper duties are set to take effect on dozens of economies - customised to each of them - ranging from Taiwan to the European Union.
These tariffs were part of a broader announcement in April where Trump imposed a 10% duty on goods from almost all trading partners, with a plan to step up these rates for a select group within days.
But he swiftly paused the hikes until 9 July, allowing for trade talks to take place.
Countries have been pushing to strike deals that would help them avoid these elevated duties.
US officials have signalled that there could be a flurry of trade pacts announced in the coming days.
But so far, the Trump administration has only unveiled deals with the UK and Vietnam, while Washington and Beijing agreed to temporarily lower staggeringly high levies on each other's products.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CBS News
11 minutes ago
- CBS News
Driver crashes into Glendale gift shop after collision
A business was badly damaged just before midnight Sunday when a driver crashed into a Glendale storefront, police said. According to the Glendale Police Department, a traffic collision between two vehicles at the intersection of Glendale and Garfield avenues sent one of the cars into Sevana Gifts. Luckily, no one was inside the store at the time of the crash and no injuries were reported to either driver. It's not yet clear how the initial crash occurred. At the scene on Monday morning, plastic wrapping covered the storefront after the car was towed away. It's not yet clear how long Sevana Gifts will need to be closed for repairs.


New York Times
12 minutes ago
- New York Times
Which Workers Will A.I. Hurt Most: The Young or the Experienced?
When Amazon's chief executive, Andy Jassy, wrote last month that he expected the company's use of artificial intelligence to 'reduce our total work force' over the next few years, it confirmed the fear among many workers that A.I. would replace them. The fear was reinforced two weeks later when Microsoft said it was laying off about 9,000 people, roughly 4 percent of its work force. That artificial intelligence is poised to displace white-collar workers is indisputable. But what kind of workers, exactly? Mr. Jassy's announcement landed in the middle of a debate over just this question. Some experts argue that A.I. is most likely to affect novice workers, whose tasks are generally simplest and therefore easiest to automate. Dario Amodei, the chief executive of the A.I. company Anthropic, recently told Axios that the technology could cannibalize half of all entry-level white-collar roles within five years. An uptick in the unemployment rate for recent college graduates has aggravated this concern, even if it doesn't prove that A.I. is the cause of their job-market struggles. But other captains of the A.I. industry have taken the opposite view, arguing that younger workers are likely to benefit from A.I. and that experienced workers will ultimately be more vulnerable. In an interview at a New York Times event in late June, Brad Lightcap, the chief operating officer of OpenAI, suggested that the technology could pose problems for 'a class of worker that I think is more tenured, is more oriented toward a routine in a certain way of doing things.' The ultimate answer to this question will have vast implications. If entry-level jobs are most at risk, it could require a rethinking of how we educate college students, or even the value of college itself. And if older workers are most at risk, it could lead to economic and even political instability as large-scale layoffs become a persistent feature of the labor market. David Furlonger, a vice president at the research firm Gartner who helps oversee its survey of chief executives, has considered the implications if A.I. displaces more experienced workers. Want all of The Times? Subscribe.


New York Times
12 minutes ago
- New York Times
Welcome to Your Job Interview. Your Interviewer Is A.I.
When Jennifer Dunn, 54, landed an interview last month through a recruiting firm for a vice president of marketing job, she looked forward to talking to someone about the role and learning more about the potential employer. Instead, a virtual artificial intelligence recruiter named Alex sent her a text message to schedule the interview. And when Ms. Dunn got on the phone at the appointed time for the meeting, Alex was waiting to talk to her. 'Are you a human?' Ms. Dunn asked. 'No, I'm not a human,' Alex replied. 'But I'm here to make the interview process smoother.' For the next 20 minutes, Ms. Dunn, a marketing professional in San Antonio, answered Alex's questions about her qualifications — though Alex could not answer most of her questions about the job. Even though Alex had a friendly tone, the conversation 'felt hollow,' Ms. Dunn said. In the end, she hung up before finishing the interview. You might have thought artificial intelligence was coming for your job. First it's coming for your job interviewer. Job seekers across the country are starting to encounter faceless voices and avatars backed by A.I. in their interviews. These autonomous interviewers are part of a wave of artificial intelligence known as 'agentic A.I.,' where A.I. agents are directed to act on their own to generate real-time conversations and build on responses. Want all of The Times? Subscribe.