President Trump declared that a trade deal with China is "done" after two days of discussions in London. The renewed framework returns to agreements reached in Switzerland last month. China's state media described the talks as "reasonable" and called for both nations to adhere to their commitments. Trump announced that American tariffs on Chinese goods will rise to 55%, while China will set tariffs at 10%. He also indicated that China would supply rare earth minerals crucial for various technologies, altering previous statements regarding Chinese students visiting American institutions.
President Trump announced on social media that a trade deal with China is finalized, highlighting a return to a previously established trade framework.
Following high-level talks in London, U.S. and China confirmed they will resume a recently agreed trade framework while emphasizing reasonable dialogues.
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