Washington has eased export limitations on certain items, according to Beijing's announcement.
The United States and China have reached an agreement in London last month to smooth their trade differences, according to reports. The agreement, which is currently being implemented by both parties, is a significant step towards normalizing trade relations between the two countries.
The agreement resulted in the U.S. easing certain export restrictions. As of July 2025, the U.S. has removed the requirement for obtaining a license to export Electronic Design Automation (EDA) tools to China, a notable relaxation in export controls related to these technologies.
In addition, the U.S. has lifted rules on certain exports to China, including removing license requirements for the shipment of ethane to the country. This decision was confirmed by EDA vendors and indicates a broader effort to normalize trade relations.
The agreement also includes a preliminary trade deal where the U.S. agreed to lift certain restrictions in exchange for China easing its restrictions on rare earth exports. This agreement suggests a broader effort to normalize trade relations between the two countries.
China's Ministry of Commerce has stated that the U.S. has lifted a series of restrictive measures against China. In response, China pledged to ease certain non-tariff countermeasures. However, no new information about the specifics of this "London agreement" was provided.
Despite the easing of restrictions, China's Ministry of Commerce warned that blackmail and coercion will not be effective. Meanwhile, Donald Trump assured that "we get along very well" with China and dismissed accusations of hostile acts by China against the U.S.
The U.S.-China trade war ceasefire, which was agreed upon during talks in Geneva in May, temporarily reduced tariffs on their respective products. This move is seen as a positive step towards resolving the ongoing trade disputes between the two economic powerhouses.
- The agreement between the U.S. and China has had a significant impact on the business and finance sectors, as it resulted in the relaxation of export restrictions for EDA tools and ethane shipments.
- The trade agreement also encompasses the politics and general-news domains, as it involves the U.S. lifting certain restrictions in exchange for China easing its restrictions on rare earth exports.
- The move towards normalizing trade relations between the U.S. and China is also influencing the industry sector, as it may lead to increased cooperation and investment opportunities in various industries.
