US EditionTrump says US gets rare earth minerals from China in trade deal, tariffs on Chinese goods go to 55%
- Senior American and Chinese negotiators concluded a trade deal in London on Tuesday to ease ongoing tensions between the two countries.
- The deal follows a fragile truce reached in Geneva last month and a 90-minute phone call last week between President Trump and Chinese President Xi Jinping.
- Under the framework, China will supply full magnets and necessary rare earth minerals to U.S. buyers, while the U.S. will maintain tariffs at 55 percent and China at 10 percent on imports.
- President Trump announced on Truth Social that the agreement had been reached, pending final approval from both himself and President Xi Jinping, and described the bilateral relationship as "excellent."
- The agreement seeks to reinforce trade relations amid legal challenges to tariff authority and ongoing conflicts over technology and mineral exports involving the United States and China, the planet's top economic powers.
240 Articles
240 Articles
Quote-unquote: An all-caps reaction to the China ‘framework’
The talk of trade: U.S., China ‘framework’ will reopen rare-earth imports, not touch tariffs. The agreed-to actions keep imposed tariffs in place while reopening access to some Chinese rare-earth minerals, key components in U.S. manufacturing, and allowing Chinese students entry to U.S. universities. President Trump called the relationship “excellent,” while China spoke of a next step: Trump on Truth Social: “OUR DEAL WITH CHINA IS DONE, S…
Trump Unveils Terms of ‘Done’ Trade Deal with China - News Addicts
President Donald Trump said Wednesday that the United States and China had negotiated a trade deal, awaiting only “final approval” from him and Chinese President Xi Jinping. The agreement includes provisions on rare earth minerals, tariffs, and allowing Chinese students to study at American universities. Trump said that a 55% tariff would be placed on […] The post Trump Unveils Terms of ‘Done’ Trade Deal with China appeared first on News Addicts.
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CDE NewsTrump says rare earths deal 'done' with China
Talks aimed at cooling tensions between the US and China have ended in a "deal", according to US President Donald Trump. He said China had agreed to supply US companies with magnets and rare earth metals, while the US would walk back its threats to revoke visas of Chinese students. "Our deal with China is done, subject to final approval from President Xi and me," Trump wrote on his media platform Truth Social. It followed two days of intense tal…
The U.S. and China reached an agreement to reverse some of the punitive measures imposed on each other in recent months. The full details of the agreement were not immediately disclosed. But, essentially, it implies that China will ease its restrictions on shipments of valuable minerals from "rare lands" (with magnetic, luminescent and electrochemical properties) and magnets needed by U.S. manufacturers..., though only for six months.
As has become customary in the negotiations between the two major economic powers of the planet, China avoids supporting the enthusiastic statements that Donald Trump makes at the stroke of tweet. Yesterday the US president proclaimed through his social network, Truth Social, that the trade pact with Beijing is already closed and even announced a new tariff regime of 55% for Chinese products imported by the United States and 10% for the American…
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- 38% of the sources are Center, 38% of the sources lean Right
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