Trump Announces US China Trade Deal Pending Final Approval

President Donald Trump recently announced a significant development in the ongoing US-China trade tensions. According to Trump, a deal has been reached that promises to stabilize tariffs and ensure continued access to rare earth materials essential for various industries. However, this agreement remains subject to final approval by both Trump and Chinese President Xi Jinping.

The core elements of the deal include maintaining a total tariff rate of 55 percent on Chinese goods entering the US. This figure combines the 30 percent tariffs introduced earlier this year with a pre-existing 25 percent tax. In response, China will impose a 10 percent tariff on US goods. Additionally, American universities will continue to accept Chinese students, a point of contention in recent diplomatic exchanges.

This announcement comes after weeks of intense negotiations marked by tariff escalations and retaliatory measures. Earlier, China responded to US tariffs reaching up to 145 percent by imposing its own levies and restricting exports of rare earth minerals and magnets, which disrupted production lines globally, including in Europe.

The US and China had agreed to pause further tariff increases in May to facilitate negotiations. However, tensions escalated when US Secretary of State Marco Rubio announced plans to revoke visas for Chinese students, complicating diplomatic relations. Despite these challenges, the current framework aims to implement the Geneva consensus and reflects a mutual willingness to stabilize economic ties.

For businesses and consumers, this potential deal could mean more predictable trade conditions and less disruption in supply chains, especially for industries reliant on rare earth materials. The agreement also signals a possible thaw in US-China relations, which have been strained by trade disputes and geopolitical tensions.

While the deal is not yet finalized, the announcement marks a hopeful step toward resolving one of the most complex trade conflicts in recent history. Stakeholders across industries will be watching closely as both leaders review and potentially endorse the agreement.