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Trump Says US-China Discussions Are Over, Imposes 55% Tariff
United States President Donald Trump announced that the trade deal between the US and China has been finalized. As a result, the US will impose a 55% tariff, while China will impose a 10% customs duty.
"Our agreement with China is complete, just waiting for final approval from President Xi and me," Trump said on his social media, Wednesday (11/06).
The agreement also includes the provision of essential materials such as magnets and rare earths by China. In return, the US will fulfill its commitments, including allowing Chinese students to pursue education at colleges in the United States.
"Our relationship is very good! Thank you for your attention to this matter!" Trump concluded.