#TrumpTariffs Following a trade agreement in London, the U.S. has imposed a 55% tariff on Chinese imports, combining existing levies with new charges related to drug trafficking. In response, China has enacted a 10% tariff on U.S. goods. This move aims to secure Chinese exports of rare earth minerals vital for the U.S. automotive industry, while the U.S. will ease access for Chinese students to American universities. However, China may limit rare-earth export licenses to six months, maintaining leverage in future negotiations .