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Trump Claims US-China Trade Deal Finalized with 55% Tariffs
Trump says US-China trade deal is “DONE” — 55% tariffs on Chinese imports, rare earths from Beijing, Chinese students welcome in US colleges.
ND
by News Desk
2025-06-11
Trump Claims US-China Trade Deal Finalized with 55% Tariffs

Former President Donald Trump announced on Wednesday that a long-awaited trade deal between the United States and China has been finalized — pending approval from both Trump and Chinese President Xi Jinping. The agreement comes with steep tariffs, rare earth supply commitments, and an educational exchange clause.

“WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%. RELATIONSHIP IS EXCELLENT!” Trump wrote on his social media platform, Truth Social.

According to a White House official, the U.S. will now impose a total of 55% tariffs on Chinese imports, consisting of:

·       A 10% “reciprocal” baseline tariff,

·       A 20% penalty for fentanyl trafficking,

·       A 25% continuation of prior tariffs from earlier trade rounds.

In return, China will levy a 10% tariff on goods imported from the U.S.

Rare Earths & Students at the Center

A significant point in the deal includes China’s agreement to supply “full magnets and any necessary rare earths” to the United States — key components for advanced manufacturing and defense technology. These materials had been restricted under recent Chinese export controls, which had caused concern in Washington over national security and supply chain vulnerabilities.

Trump also confirmed that the U.S. would continue welcoming Chinese students into American colleges and universities, a move he described as “always good with me!”

“Likewise, we will provide to China what was agreed to, including Chinese students using our colleges and universities,” he added.

Deal Follows Months of Tension

This framework follows months of trade tensions exacerbated by tit-for-tat sanctions, export controls, and retaliatory measures. An initial Geneva agreement in May had aimed to de-escalate the situation but faltered over China's restrictions on rare earth exports.

In response, the Trump administration imposed its own export bans on semiconductor software, aerospace components, and critical technology.

The final terms were hammered out over two days of intensive negotiations in London, where U.S. Commerce Secretary Howard Lutnick called the deal “meat on the bones” of the Geneva framework.

Market Jitters and Uncertainty Remain

Although the deal provides some clarity, Trump’s unpredictable trade strategies have previously caused major disruptions. Global markets have experienced volatility, businesses have faced high compliance costs, and major ports have struggled with congestion due to shifting policies.

With the agreement still subject to final sign-off by both leaders, observers remain cautious. Critics say the long-term stability of U.S.-China trade remains in doubt, particularly given the geopolitical rivalry and repeated use of tariffs as a political tool.

As the U.S. election season heats up, trade policy may again become a central point of Trump’s campaign narrative.

 
Tagged:

TradeWar

TrumpTariffs

RareEarths

USChinaDeal
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