Donald Trump says United States-China deal is ‘done’, People’s Republic to supply rare earths
US President Donald Trump says a deal with China is ‘done’, adding the People’s Republic will supply ‘magnets and any necessary rare earths’ and the Chinese students can access US colleges.
“Our deal with China is done, subject to final approval with President Xi and me,” Mr Trump announced on Truth Social.
“Full magners, and any nexessary rare earths, will be supplied, up front, by China.
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By continuing you agree to our Terms and Privacy Policy.“Likewise, we will provide China what was ageed to, including Chineses students using our colleges and universities (which has always been good with me!).
MR Trump said the US would get 55 per cent tariffs, with China getting 10 per cent.
“Relationship is excellent.”
In a follow up post, Mr Trump added: “President Xi and I are going to work closely together to open up China to American trade.”
“This would be a great WIN for both countries!”
After high-level talks between the two powerhouse countries in London, US Commerce Secretary Howard Lutnick told reporters the deal was almost set.
“We have reached a framework to implement the Geneva consensus and the call between the two presidents,” he said.
Mr Lutnick told CNBC that a one-on-one call between Mr Trump and China’s President Xi Jinping had “changed everything”.
“They are going to approve all applications for magnets from United States companies right away,” he said.
