Trump Announces US-China Trade Deal: Rare Earths, Tariffs, adn Student access
Washington D.C. – June 11, 2025 – president Donald trump today announced a trade deal with China, secured during negotiations in London, focusing on increased rare earth mineral and magnet supplies crucial for the automotive industry. The agreement, pending final approval from Chinese President Xi Jinping, will establish a total tariff rate of 55% on Chinese imports, according too Trump [[source]].
While appearing as an increase from the previously agreed-upon 30% truce rate, a White House official clarified the 55% figure encompasses Trump’s standard 10% “reciprocal” tariff, a 20% levy targeting fentanyl trafficking, and an existing 25% tariff already in place on goods from China [[source]]. Trump proclaimed a “total of 55% tariffs, China is getting 10%. Relationship is excellent!” on his Truth Social platform.Key Components of the Deal:
Rare earth Minerals: China will increase supplies of rare earth minerals and magnets, vital components for US industries like automotive, electronics, and defense [[source]]. Tariffs: A 55% total tariff rate will be applied to Chinese imports, comprised of existing and new levies.
* Student Exchange: The deal facilitates access for Chinese students to US colleges and universities, a point Trump emphasized as personally agreeable [[source]].
The agreement follows a framework established after two days of negotiations, aiming to revive the trade truce and address China’s restrictions on critical mineral exports. US Secretary of Commerce Howard Lutnick described the London “framework” as adding “meat on the bones” to the previous agreement reached in Geneva [[source]].
This deal comes after previous tensions, including accusations from Trump that China was violating the earlier trade agreement [[3]]. Earlier this year, Trump’s “shock-and-awe” tariff approach was seen as a risk to the global financial system [[1]],but this latest progress signals a potential stabilization of trade relations. Trump has consistently taken a hard line with China to protect American interests [[2]]
