Three American citizens imprisoned for years by China have been released and are returning to the United States, the White House said Wednesday, announcing a diplomatic agreement with Beijing in the final months of the Biden administration.

The State Department announced the release of Mark Swidan, Kai Li and John Leung. A U.S. government official told NBC News the three were exchanged for two Chinese detainees.

Three American citizens imprisoned for years by China have been released. That word comes Wednesday from the White House and it's a rare diplomatic agreement with Beijing in the final months of the Biden administration.

China might need an additional 10 trillion yuan (US$1.4 trillion) to lift domestic consumption to restore investors’ confidence, according to HSBC Asset Management’s investment outlook for 2025. With another trade war looming with the US and a property sector that is showing no signs of a revival,

China's state media have praised some U.S. firms for "strong collaboration" - commentary that comes amid fears of a trade war and is reminiscent of how tensions with the U.S. were covered by Chinese newspapers during Donald Trump's first presidency.

Donald Trump says he will impose a 25% tariff on goods coming from Mexico and Canada, plus an extra 10% on Chinese goods.

Earlier this year, the U.S. blocked imports of several Porsche, Bentley, and Audi vehicles amid concerns that they contained a Chinese-made part that violated U.S. forced labor laws.