#TrumpTariffs The American president, Donald Trump, said this Wednesday that as part of the trade deal with China, still pending approval, 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 (Jingpin) and myself. All complete magnets, and any necessary rare earth minerals, will be supplied by China," Trump announced in a post on his Truth Social network.