US to ease trade restrictions on China under new bilateral agreement

The United States will roll back certain restrictive trade measures imposed on China as part of a newly coordinated agreement between the two countries, China’s Ministry of Commerce announced in a statement.

“China will, in accordance with the law, approve applications for the export of controlled goods that meet the relevant requirements. In turn, the United States will lift a number of restrictive measures previously imposed against China,” the ministry stated, Caliber.Az reports.

The announcement comes after months of bilateral negotiations between Washington and Beijing, which most recently culminated in a meeting in London. Chinese officials confirmed that the two sides have since “maintained close contact” and “further coordinated the details of the framework agreement.”

Beijing expressed optimism regarding the trajectory of the negotiations and called for mutual commitment to the terms discussed at the presidential level. “China expects that both the United States and China will make mutual concessions, adhere to the important consensus reached between the two heads of state, and follow through on the commitments expressed during their June 5 telephone conversation,” the ministry said.

The statement emphasized the need for constructive dialogue going forward: “The Chinese side hopes that Beijing and Washington will strengthen their shared understanding, reduce miscommunication, expand cooperation, and jointly promote the healthy, stable, and sustainable development of bilateral trade and economic relations.”

US President Donald Trump earlier declared that a new trade agreement had been finalized with China on June 25, marking a key milestone in the gradual thawing of what has been a protracted and often fraught economic standoff.

The recent breakthrough follows a series of trade and economic consultations held in London on June 9–10, a mechanism that was originally established during earlier talks in Geneva from May 10–11. During those meetings, both parties agreed to a partial rollback of the steep tariffs imposed during the height of the trade dispute—tariffs that had soared above 100% by May.

By Vafa Guliyeva