China, Trump
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The US has reached a new trade agreement with China under which all Chinese imports will face a 55% tariff, while American exports to China will be subject to a reduced 10% tariff. This was the result of two days of talks between diplomats from the two nations in London.
President Donald Trump and officials from China announced that they have agreed on a framework for a trade deal between the two major economic powers.
A spokesperson for China's Ministry of Commerce on Thursday appeared to downplay what President Donald Trump said Wednesday was a "done" trade deal.
The deal removes Chinese export restrictions on rare earths minerals and allows Chinese students access to U.S. universities.
If a handshake agreement holds, it will merely undo some of the damage from the trade war that President Trump started. By Ana Swanson Ana Swanson covers trade and the U.S.-China economic ...
3don MSN
LONDON (AP) — President Donald Trump announced Wednesday that the United States will get magnets and rare earth minerals from China under a new trade deal and that tariffs on Chinese goods will go to 55%.