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

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

The president added that according to what was agreed upon in meetings between senior 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 universities in the country. We are getting a total of 55% in tariffs, China is getting 10%. The relationship is excellent!" Trump stated.