Trump Announces Tentative U.S.-China Trade Deal Covering Rare Earths and Student Visas
Agreement includes 55% tariffs on Chinese goods and resumption of critical mineral exports
President Donald Trump has confirmed a tentative trade agreement with China that reinstates a truce in the ongoing trade war.
The deal, pending final approval from both Trump and Chinese President Xi Jinping, imposes 55% tariffs on Chinese imports and 10% on U.S. exports.
Key provisions include China's commitment to resume exports of rare earth minerals vital to U.S. industries and the continuation of academic access for Chinese students to American universities.
The agreement aims to stabilize trade relations and alleviate supply chain disruptions caused by previous tensions.
The deal, pending final approval from both Trump and Chinese President Xi Jinping, imposes 55% tariffs on Chinese imports and 10% on U.S. exports.
Key provisions include China's commitment to resume exports of rare earth minerals vital to U.S. industries and the continuation of academic access for Chinese students to American universities.
The agreement aims to stabilize trade relations and alleviate supply chain disruptions caused by previous tensions.
