Yeliz Akmaca 
U.S. Commerce Secretary Howard Lutnick announced that several trade agreements will be unveiled throughout the upcoming week. The first major announcement came with China. China will resume supplying rare earth elements to the U.S. In return, the U.S. will lift restrictions on ethane exports to China.
The agreement was also confirmed by U.S. President Donald Trump. Trump stated that the new trade framework with China is comprehensive and considers mutual interests. Meanwhile, Lutnick said this agreement will strengthen the economic balance between the two countries.
Deadline for Tariff Regulations July 9
Howard Lutnick revealed that the deadline for arrangements regarding mutual tariffs is July 9. The U.S. side has fixed total tariffs on Chinese goods at 55%. This rate will not change in the near future. China will impose a 10% tariff on products imported from the U.S.
Secretary Lutnick also stated they are open to additional negotiation requests from other countries. He expressed optimism about ongoing trade talks with the European Union. The agreement with the EU is expected to be final and long-term.
Trade Plans with India
Following the trade deal with China, U.S. President Donald Trump announced a trade agreement with India is on the way. Trump said, “An agreement with India could come soon.” He also noted that China is beginning to “open up” economically. However, no detailed information was shared regarding India. Trade negotiations between the U.S. and India are ongoing, covering many sectors such as agricultural products, e-commerce, and data storage. The first phase of the agreement is expected to be completed by fall 2025.
Sectoral Impact of the Agreement Will Be Significant
Rare earth elements are critically important, especially in technology, defense, and automotive sectors. China’s release of these resources will directly benefit U.S.-based production lines. At the same time, Chinese companies will have easier access to raw materials and energy supplies from the U.S.
Lifting restrictions on ethane exports will create new opportunities for exporters in the energy sector. This opening will strengthen the U.S. economically and geopolitically. This agreement may mark a new era not only between the two countries but also in global trade dynamics. With other agreements to be announced soon, this impact could expand further.
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