US President Donald Trump has announced that the trade deal with China is done after the talks between the two countries in London this week. As a part of a trade agreement, China will supply rare earths upfront to the US, while Chinese students will get US visas.
In a Truth social post, Trump announced that Beijing will supply the US with full magnets and all necessary rare earth materials. However, he said the deal with China is subject to final approval with President Xi Jinping and him. He added that the relationship between the two countries is excellent and China will maintain its current 10 percent tariffs on goods imported from the U.S, while the US will keep 55 percent tariffs on Chinese imports. This announcement follows weeks of escalated tensions between the two countries.
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