Trump says China will face 55% tariffs as he endorses trade 🤝

Agreement struck in London will increase supply of rare earth minerals and magnets for US car industry

Business live – latest updates

Lisa O'Carroll in London and Dominic Rushe in New York

Wed 11 Jun 2025 15.21 BST

Donald Trump has endorsed the US-China trade deal struck in London that will ramp up supplies of rare earth minerals and magnets needed for the automotive industry, saying it will take total tariffs on Beijing to 55%.