June 12th, 2025
Create an account or log in to unlock unlimited access!
The U.S. and China talked about trade again. They want to fix their problems and keep talking.
They told us the news after two days of meetings in London. The meetings finished on Tuesday night.
They met to talk about problems with selling things like minerals and new technology. These problems made their peace agreement weak. We don't know if they solved the big problem that China sells much more to America than America sells to China.
Howard Lutnick said they had problems. Now they can go on.
Stock markets in Asia went up on Wednesday after they announced the agreement.
Last week, the presidents of America and China talked. They want to make things better.
Li Chenggang said China and the other country made a plan. They will do what they talked about on the phone and in Geneva. Xinhua News Agency said this.
We don't have more information now. We don't know if they will talk again.
Li and Wang Wentao from China met some people in London. They met Lutnick, Scott Bessent, and Jamieson Greer at a big house. The house is near Buckingham Palace.
Wendy Cutler worked for the U.S. government. She said they lost 30 days. They have 90 days to solve their problems.
Countries in Geneva made a deal. They will stop high taxes on some things for 90 days. These taxes caused problems for the world's money. The World Bank says the world's money will grow slower this year.
Cutler works at the Asia Society. He said the U.S. and China were slow to fix their agreements. Now they only have two months to talk about problems like unfair trade and drugs.
The U.S. and China are angry. They talk about computer parts, student papers, and special rocks for cars.
China makes special metals. They want to sell more. China wants the U.S. to let them buy machines for making computer parts.
Lutnick said that fixing the rare earths problem is a very important part of the plan. The U.S. will stop some things it did. He did not say what things.
He said, "When they say 'yes' to the papers, it will be easier to send our things out of the country."
Cutler said the U.S. will not talk about its rules for selling things to other countries. She said China has been unhappy about these rules for many years.
She said the U.S. opened a door for China. Now, China can ask to add rules about selling things to other countries to future talks.
A court in America said the government can still get money from taxes on things from China and other places. The government wants to change this rule.
Trump said he wants to sell more American products in China. China makes many things.
Trump said, "We want to open China. If we don't open China, maybe we can't do anything."
June 12th, 2025
Student Loans: Credit Scores Go Down for Many People
Student Loans: Credit Scores Go Down for Many People
Sales are Down: Americans Buy Less Now
Sales are Down: Americans Buy Less Now
Oil Price Up! Stocks Down!
Oil Price Up! Stocks Down!
Good news for shoppers: Prices are not too high. People are happy.
Good news for shoppers: Prices are not too high. People are happy.
New Factory in North Carolina: Many New Jobs!
New Factory in North Carolina: Many New Jobs!
Asia Stocks Down, Oil Up After Iran Attack
Asia Stocks Down, Oil Up After Iran Attack
Warner Bros. Discovery: Two New Companies for TV and Streaming
Warner Bros. Discovery: Two New Companies for TV and Streaming
States Say No to Selling Your DNA Data Without Asking
States Say No to Selling Your DNA Data Without Asking
Big Battery Factory Stop: Cars and Money Questions
Big Battery Factory Stop: Cars and Money Questions
Create an account or log in to continue reading and join the Lingo Times community!