#TrumpTariffs

The American president, Donald Trump, said this Wednesday that as part of the pending trade deal with China, the U.S. will impose a 55% tariff on Beijing, which in turn will maintain a 10% levy on the United States.

"Our deal with China is done, subject to the final approval of President Xi (Jinping) and myself. Full magnets, and any rare earth minerals needed, will be supplied by China," Trump announced in a post on his Truth Social network.