US EditionTrump says US gets rare earth minerals from China in trade deal, tariffs on Chinese goods go to 55%
- President Donald Trump and Chinese officials unveiled a trade deal framework on Wednesday following extensive discussions held over two days in London.
- The agreement followed a near halt in trade due to Trump's previous imposition of tariffs up to 145% on Chinese imports.
- The agreement establishes a 55% tariff on goods imported from China into the U.S. and a 10% tariff on American products entering China, with China also agreeing to provide rare earth minerals essential for technology manufacturing.
- Officials confirmed that the tariff rates will remain fixed without additional hikes, but many U.S. importers indicate that the 55% rate continues to be prohibitively expensive, preventing them from returning to full purchasing levels.
- The agreement suggests reduced trade tensions but experts warn increased tariffs will raise costs for American consumers and businesses, while the deal still awaits final approval by presidents Trump and Xi.
146 Articles
146 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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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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