Trump Says U.S.-China Trade Deal Reached, Awaits Final Nod

Former US President Donald Trump has announced that a trade deal with China has been finalized, following high-level talks held between the two countries in London this week. The agreement marks a significant step in easing recent trade tensions and includes key provisions on rare earth supplies and student visas.

In a post on Truth Social, Trump revealed that under the new agreement, China will supply the United States with essential rare earth materials, including fully processed magnets, which are critical for various high-tech and defense applications. As part of the deal, Chinese students will also be granted US visas, signaling a softening in academic and educational restrictions.

However, Trump clarified that the agreement is still pending final approval and will require a formal endorsement from both him and Chinese President Xi Jinping. He emphasized that the US-China relationship remains strong, despite recent frictions, and that both sides have shown willingness to move forward cooperatively.

One of the notable terms of the deal is that China will maintain its existing 10 percent tariffs on US imports, while the United States will continue to impose 55 percent tariffs on Chinese goods. This tariff structure reflects a balanced compromise, allowing both nations to protect key economic interests while restoring a degree of trade stability.

The announcement comes after several weeks of heightened tensions between Washington and Beijing, which had led to uncertainty in global markets. The new agreement, if formally ratified, could signal a turning point in the ongoing trade dynamics between the world’s two largest economies.