In a major breakthrough, U.S. President Donald Trump has announced a truce in the ongoing trade tensions with China, revealing that tariffs on Chinese goods will be reduced to 55% as part of a new bilateral agreement.
The announcement was made via Truth Social, where President Trump declared the deal with China “done,” pending final approval from both him and Chinese President Xi Jinping.
According to reports from the Associated Press, the agreement includes:
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The supply of rare earth minerals and magnets from China to the U.S.,
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In return, the U.S. will ease tariffs and facilitate access for Chinese students to American colleges and universities.
“OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME. FULL MAGNETS, AND ANY NECESSARY RARE EARTHS, WILL BE SUPPLIED, UP FRONT, BY CHINA. LIKEWISE, WE WILL PROVIDE TO CHINA WHAT WAS AGREED TO, INCLUDING CHINESE STUDENTS USING OUR COLLEGES AND UNIVERSITIES (WHICH HAS ALWAYS BEEN GOOD WITH ME!). WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%. RELATIONSHIP IS EXCELLENT!” — Donald Trump on Truth Social
The trade deal signals a thaw in strained U.S.-China relations, which have been marked by high tariffs, tech restrictions, and global supply chain tensions in recent years. Trump’s administration emphasized that the renewed cooperation is “mutually beneficial” and crucial for maintaining economic stability.
While further details are awaited from Beijing, the announcement has already stirred reactions from global markets and policy analysts, who are closely watching how this recalibration in U.S.-China trade policy will shape the geopolitical and economic landscape.
