đ¨ âTrump Declares Trade Deal with China âDoneâ â All Eyes Now on Xi for the Final Say!â đşđ¸đ¨đł
Former President Donald Trump announced on June 11, 2025 that he has finalized a major trade framework with China, pending final approval from both him and President Xi.
The announcement follows intensive negotiations in London and builds on an earlier Geneva truce, establishing:
⢠China will supply rare-earth minerals and magnets upfront, crucial for U.S. industries like electronics, defense, and battery production.
⢠The U.S. will continue permitting Chinese students to study at American universitiesâa move Trump called âalways been good with meâ.
⢠Tariff rates remain high, with the U.S. holding a combined 55% tariff (including 10% baseline, 25% SectionâŻ301, and 20% âfentanylâ tariff) on key Chinese imports, while China retains a 10% tariff on U.S. goods.
Commerce Secretary Howard Lutnick described it as a âhandshake for a frameworkââa tentative pact awaiting both leadersâ sign-offs.