- Trump claims U.S.–China trade deal is done, pending Xi’s approval.
- China will supply magnets and rare earths upfront.
- The U.S. maintains 55% tariffs while allowing Chinese student access.
President Donald Trump has officially announced that a comprehensive trade agreement between the U.S. and China is complete, and is now awaiting final approval from his Chinese counterpart, President Xi Jinping. The statement, shared on his Truth Social account, outlines a deal that includes commitments on rare earth mineral supplies and a revised tariff structure.
The declaration signals a potential new phase in U.S.–China trade relations after years of tariffs, sanctions, and stalled negotiations, though as of press time, there has been no official confirmation or comments from Beijing.
Deal Reportedly Secures “Up Front” Supply of Rare Earths
According to Trump, China will deliver full supplies of magnets and other rare earth elements “up front.” In exchange, the U.S. will honor its commitments, including allowing Chinese students to continue studying in American universities. Trump emphasized that he supports this aspect of the deal.
The tariff structure presented in the post sets a 55% rate on Chinese goods entering the U.S., compared to 10% for U.S. goods exported to China. He described the overall trade relationship as “excellent.”
Rare earth materials, essential for electronics, defense, and clean energy technologies, have been a recurring point in U.S.–China negotiations. The agreement now reportedly includes a firm commitment from China to supply these materials in advance. This comes amid ongoing global efforts to diversify supply chains and reduce dependency on China for critical minerals.
While Trump did not provide further technical details, his statement aligns with earlier discussions held in Geneva and London earlier this month. Those meetings laid the groundwork for a possible easing of tensions through defined trade frameworks.
Agreement Also Addresses Tariffs and Student Access
The deal also addresses the issue of student visas. Trump confirmed that Chinese students will continue to have access to American colleges and universities, a provision he described as positive. During his previous administration, Trump had placed restrictions on Chinese academic access to certain research institutions, citing national security concerns.
Chinese state media has not yet confirmed the terms or signaled final approval. Analysts continue to monitor for further clarification from both governments.
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Although many implementation specifics remain unknown, Trump’s declaration signals a new phase in U.S.–China trade relations after years of tariffs, sanctions, and stalled negotiations.
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