$BTC This US-China Tariff War Deal in London🔥🔥🔥
📢President of the United States (US) Donald Trump outlined the latest trade agreement between his administration and China, negotiated by both countries in London. This comes as trade tensions between the two nations escalate.
👉"WE ARE GETTING A TOTAL TARIFF OF 55%, CHINA IS GETTING 10%. THE RELATIONSHIP IS VERY GOOD!" Trump wrote on Truth Social without elaborating further.
👉"FULL MAGNET AND ALL RARE EARTHS REQUIRED WILL BE PROVIDED, UP FRONT, BY CHINA. THUS, WE WILL PROVIDE CHINA WITH WHAT HAS BEEN AGREED, INCLUDING CHINESE STUDENTS USING OUR COLLEGES AND UNIVERSITIES (WHICH IS ALWAYS GOOD FOR ME!)."
➡️A White House official stated that the agreement allows the US to impose a 55% tariff on Chinese imports. This tariff includes a basic "reciprocal" tariff of 10%, a 20% tariff on fentanyl trade, and a 25% tariff reflecting previously existing tariffs.
➡️Then, according to the White House official, China will impose a 10% tariff on US imports.
⏩On the other hand, the Chinese government has not confirmed Trump's statements, other than saying on Tuesday that they had agreed to the "Geneva consensus" trade terms established earlier this year with the US.