Donald Trump says United States-China deal is | Australian Markets
US President Donald Trump says a deal with China is ‘done’, including the People’s Republic will provide ‘magnets and any necessary rare earths’ and the Chinese college students can entry US faculties.
“Our deal with China is done, subject to final approval with President Xi and me,” Mr Trump introduced on Truth Social.
“Full magners, and any nexessary rare earths, will be supplied, up front, by China.
“Likewise, we will provide China what was ageed to, including Chineses students using our colleges and universities (which has always been good with me!).
MR Trump said the US would get 55 per cent tariffs, with China getting 10 per cent.
“Relationship is excellent.”
In a comply with up post, Mr Trump added: “President Xi and I are going to work closely together to open up China to American trade.”
“This would be a great WIN for both countries!”
After high-level talks between the 2 powerhouse nations in London, US Commerce Secretary Howard Lutnick instructed reporters the deal was virtually set.
“We have reached a framework to implement the Geneva consensus and the call between the two presidents,” he mentioned.
Mr Lutnick instructed CNBC that a one-on-one call between Mr Trump and China’s President Xi Jinping had “changed everything”.
“They are going to approve all applications for magnets from United States companies right away,” he mentioned.
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