President Donald Trump announced via social media that a tentative agreement has been reached with Chinese President Xi Jinping regarding trade tariffs. This announcement follows a previous implementation of a new tariff policy, which had raised concerns about market instability and a potential economic downturn. Trump highlighted specifics of the deal, including a significant 55% tariff for the U.S. and a 10% tariff for China. He also noted China's commitment to supplying critical materials and expressed support for Chinese students in American educational institutions, contrasting with his earlier rhetoric against foreign students.
OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME. FULL MAGNETS, AND ANY NECESSARY RARE EARTHS, WILL BE SUPPLIED, UP FRONT, BY CHINA.
I am good with Chinese students using our colleges and universities (which has always been good with me!). We are getting a total of 55% tariffs, China is getting 10%.
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