Trump Claims China Trade Deal Is Done, Subject to President Xi Approval

US and China agreed to ease export controls on rare earth minerals and semiconductors, reduce tariffs, andimprove trade stability after London negotiations.

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The U.S. President Donald Trump on Truth Social declared that a sweeping new trade deal between the United States and China is "done," pending only final approval from Chinese President Xi Jinping. "Our deal with China is done, subject to final approval with President Xi and me," Trump wrote.

The statement suggests a major pivot in U.S.-China economic relations, as Trump detailed key elements of the agreement: "Full magnets, and any necessary rare earths, will be supplied, up front, by China," he said, referencing materials critical to industries ranging from electric vehicles to defense systems.

This landmark accord, announced on June 11, 2025, comes after two days of intensive, high-stakes negotiations held in London.

The agreement is poised to inject much-needed stability into bilateral economic ties that have been increasingly strained by an escalating trade conflict, characterized by a tit-for-tat imposition of tariffs and export controls that threatened to disrupt global supply chains.

TRADE DISRUPTIONS The trade conflict between the United States and China has been a defining feature of international relations over the past year, primarily fueled by disputes tered on export controls over essential materials and advanced technologies. The escalating tensions be when the U.S., citing national security concerns, implemented sweeping strictions on the export of semiconductors and rela manufacturing equipment to China. These measures were designed to curb China's technological advancement, particularly in a deemed critical for future economic and military superiority.