Trump Announces 55% Tariff on Chinese Goods as Part of Pending Trade Deal
A rare earth mining site in China. X/ @KFYRTV
June 11, 2025 Hour: 11:11 am
The new trade deal will give the U.S. access to Chinese rare earths.
On Wednesday, President Donald Trump announced that the United States will impose a 55% tariff on Chinese products, while China will maintain a 10% tariff on U.S. goods. These measures are part of a new trade agreement, which is still pending final approval.
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“Our deal with China is done, subject to final approval with President Xi and me. Full magnets, and any necessary rare earths, will be supplied, up front, by China,” he said.
“Likewise, we will provide to China what was agreed to, including Chinese students using our colleges and universities (which has always been good with me!). We are getting a total of 55% tariffs, China is getting 10%. Relationship is excellent! Thank you for your attention to this matter!” Trump added.
On Tuesday, China and the United States concluded two days of trade negotiations in London with a preliminary agreement to establish a framework beneficial to both parties. The talks followed a phone call between Trump and Xi last week, which Trump described as “very positive.”
“Both sides will present a report to their respective leaders on the conversations held during the meeting, as well as on the framework reached in Geneva. We hope the progress made in this London meeting will contribute to greater trust between China and the United States,” said Li Chenggang, China’s vice minister of commerce and international trade representative.
The negotiations focused on easing export controls on goods such as rare earth minerals and semiconductors and sought to reduce tensions between the two economic powers after mutual accusations of breaching a deal reached in Geneva last month.
At that time, Washington agreed to lower its tariffs from 145% to 30%, and Beijing from 125% to 10%, with a 90-day window to negotiate a new trade pact.
China and the U.S. have clashed over advanced semiconductors that power artificial intelligence, rare earths—vital for electric vehicle manufacturers—and visas for Chinese students at American universities.
teleSUR/ JF
Source: EFE
