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U.S. and China further trade talks; former New York government aide in Chinese spy case faces additional charges.

Shipping containers labeled with brands including FESCO, Yang Ming, WAN HAI, and K Line are stacked in front of docked vessels and gantry cranes at the Yantian International Container Terminal, with a construction area in the foreground, in Shenzhen, China, on April 12, 2025. Cheng Xin/Getty Images

US and China Reach Additional Trade Agreement

The United States has reached a trade agreement with China following months of negotiations and back-and-forth tensions.

The deal advances May talks in Geneva, where an agreement was made on shipping rare earth materials to the United States; on top of that, Beijing agreed to drop tariffs to 10 percent in exchange for the United States reducing theirs to 30 percent, on top of other existing tariffs.