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Trump claims that the rare earths deal with China is "closed"
13 hours ago
Peter Hoskins
Business reporter, BBC News
Reporting from Singapore
Natalie Sherman
Business reporter, BBC News
Reporting from New York
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Getty Images The President of the United States, Donald Trump, in the Oval Office of the White HouseGetty Images
The talks aimed at easing tensions between the United States and China have ended in an "agreement," according to U.S. President Donald Trump.
He said that China had agreed to supply U.S. companies with magnets and rare earth metals, while the United States would retract its threats to revoke Chinese student visas.
"Our agreement with China is closed, subject to final approval from President Xi and myself," Trump wrote on his Truth Social media platform.
This occurred after two days of intense talks in London to resolve the conflicts that had arisen since the two sides agreed to a truce in May, after a rapid escalation of tariffs nearly paralyzed trade between the two largest economies in the world.