#TrumpTariffs

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Trump Says US-China Discussion Is Done, Imposes 55% Tariff

President of the United States Donald Trump announced that the trade agreement between the US and China is complete. As a result, the US will impose a 55% tariff, while China will impose a 10% duty.

"Our deal with China is done, just waiting for the final approval from President Xi and me," Trump said on his social media on Wednesday (11/06).

The agreement also includes the provision of essential materials such as magnets and rare earths by China. In return, the US will fulfill its commitments, including allowing Chinese students to pursue education at colleges in the Land of Uncle Sam.

"Our relationship is very good! Thank you for your attention to this!" Trump concluded.