WASHINGTON – Former US President Donald Trump has announced that a trade agreement has been finalized between the United States and China.In a statement on his social media platform Truth Social, Trump shared initial details, saying the deal will receive final approval from both him and Chinese President Xi Jinping.
He stated that China will promptly supply all essential minerals required by the U.S., while the U.S. will provide China with agreed-upon items — including access for Chinese students to American colleges and universities.
Trump noted that under the deal, the U.S. will receive a 55% tariff, while China will benefit from a 10% tariff. In a separate post, he added that both leaders would work together to boost American exports to China, calling it a significant win for both nations.
