President Donald Trump announced a new framework agreement with China on June 11, 2025, achieved after two days of negotiations in London. According to it, the U.S. sets a single tariff of 55% on Chinese goods, while China sets 10% on imports from the U.S. Additionally, Beijing agrees to supply rare earth metals and magnets, and American universities will continue to accept Chinese students. Supporters call this an economic victory, as they believe it will support American industry and boost exports. However, critics point out that the tariffs remain very high and the actual implementation of the agreement still needs to be approved by the presidents before the beginning of August.
