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International Business Times
International Business Times
Business

Trump's China Trade Truce Met With Industry Skepticism Over Lasting Tariff Impact

U.S. President Donald Trump takes the stage during a rally with U.S. Army troops on June 10, 2025 at Fort Bragg, North Carolina.

President Donald Trump announced a new trade agreement with China this week, calling the years-long trade war "done."

Under the deal, the US will keep a steep 55% tariff on Chinese imports, while China will charge a 10% tariff on goods coming from the US. But many in the business world say the real problems aren't over.

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