#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 agreement with China is complete, subject to final approval from President Xi (Jinping) 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.
The president added that according to the agreements made in meetings between high-ranking Chinese and American officials in London, the U.S. will fulfill its part of the deal, which includes the approval of visas for Chinese students enrolled in the country's universities. We are getting a total of 55% in tariffs, China is getting 10%. The relationship is excellent!", Trump stated.
