Donald Trump Announces Trade Deal with China
President Trump has announced that a trade deal with China has been finalized, pending final endorsement by both himself and Chinese President Xi Jinping.
The agreement centers on the supply of critical materials and includes provisions related to education and tariffs.
Rare Earths and Education Included in Terms
As part of the deal, China has agreed to provide the United States with full shipments of magnets and other essential rare earth elements upfront. In return, the U.S. will honor its commitments, which include continuing to welcome Chinese students at American colleges and universities—a point President Trump emphasized as personally acceptable.
Tariff Structure Favors U.S.
According to Trump, the U.S. will impose a total of 55% in tariffs under the new arrangement, while China will apply just 10% in return. He noted that the relationship with China remains strong and described the current status of negotiations as “excellent.”
Trump concluded by thanking the public for their attention to the matter, signaling confidence in the positive direction of U.S.-China trade relations.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
