Donald Trump says US-China trade deal 'done'
By Iain Gilbert
Date: Wednesday 11 Jun 2025
LONDON (ShareCast) - (Sharecast News) - US and Chinese officials were said to have reached a "framework" trade agreement in London.
Donald Trump said the deal with China was "done, subject to final approval with President Xi and me". He added that "WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%."
As part of the deal, Trump said that magnets and "any necessary rare earths" would be supplied up front by China, while the White House will allow Chinese students to attend US colleges and universities. He stated that the prospect of opening up China to American trade was "a great WIN for both countries".
Reporting by Iain Gilbert at Sharecast.com
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