US EditionTrump says US gets rare earth minerals from China in trade deal, tariffs on Chinese goods go to 55%
- On June 11, President Trump declared via social media that an agreement with China on trade has been finalized, establishing tariffs set at 55% on imports from China and 10% on American goods entering China.
- The agreement was reached after extended discussions in London over the course of two days, aiming to settle the trade dispute that involved previously imposed tariffs reaching as high as 145%.
- China will supply rare earth minerals key to manufacturing technology, including magnets, titanium, and lithium, as part of the concessions in the agreement.
- Commerce Secretary Howard Lutnick confirmed the 55% tariff will be locked in with no further increases, while Trump said Chinese students can continue studying in U.S. colleges.
- The deal awaits final approval from Trump and Chinese President Xi Jinping amid concerns that tariffs will raise costs for businesses and consumers despite easing previous tensions.
143 Articles
143 Articles
Trump Allows Chinese Students into U.S. Universities in Exchange for Rare Earth Minerals — Minding The Campus
Author’s Note: This article is from my weekly “Top of Mind” email, sent to subscribers every Thursday. For more content like this and to receive the full newsletter each week, enter your name and email under “SIGN UP FOR OUR WEEKLY NEWSLETTER, ‘TOP OF MIND,’” located on the right-hand side of the site. Commentators have been […] The post Trump Allows Chinese Students into U.S. Universities in Exchange for Rare Earth Minerals appeared first on Mi…
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Channel News Asia
China affirms trade deal with US, says it always keeps its word
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Trump touts trade truce with China as White House searches for wins
President Trump announced Wednesday a pending trade truce with China as the White House searches for momentum ahead of a looming deadline to strike dozens of other similar deals. The president's announcement was light on details but gave Trump and his team the chance to tout a victory during a crucial stretch for his trade agenda. Trump said the deal with China, struck following negotiations in London between his top economic officials and their…
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