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Trump Says China Will Supply Rare Earths in 'Done' Trade Deal

Mint Mumbai

|

June 12, 2025

Trump's remarks left doubt on whether Beijing could negotiate tariff rates even lower

- Bloomberg

US President Donald Trump said a trade framework with China has been completed, with Beijing supplying rare earths and magnets "UP FRONT" and the US allowing Chinese students into its colleges and universities.

The US and China will maintain tariffs at their current, lower levels following negotiations between the two nations this week in London, Trump said Wednesday. The president said Chinese President Xi Jinping and he must still formally sign off on the agreement.

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