Lutnick Says US-China Trade Truce Signed, 10 Deals Imminent

US Commerce Secretary Howard Lutnick expresses confidence that a consensus will be reached on the state and local tax deduction and says the US and China signed a trade deal two days ago. Source: Bloomberg

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By Jennifer A Dlouhy, Kailey Leinz, and Joe Mathieu

June 26, 2025 at 9:27 PM UTC

Updated on

June 27, 2025 at 6:17 AM UTC

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The US and China finalized a trade understanding reached last month in Geneva, US Commerce Secretary Howard Lutnick said, adding that the White House has imminent plans to reach agreements with a set of 10 major trading partners.