Geopolitics - Rocky Mountain Voice

U.S. gets rare earths, China gets 55% tariffs under Trump trade pact

THE HILL, Approved, National / June 11, 2025 / China Trade, Foreign Policy, Geopolitics, Rare Earth Minerals, Tariffs, Trade Agreement, Trump Administration, Xi Jinping

President Trump said Wednesday his administration reached a tentative agreement on a trade truce with China following talks between the two sides in London.

As part of the agreement, which Trump said was pending his approval and the approval of Chinese President Xi Jinping, China will supply “full magnets, and any necessary rare earths,” Trump said on Truth Social.

Trump indicated the U.S. would impose 55 percent tariffs on Chinese goods, while China would impose a 10 percent tariff on U.S. products.

U.S. gets rare earths, China gets 55% tariffs under Trump trade pact Read More »

After Xi–Trump call, China pushes ‘consensus’ language in trade talks

BEIJING (Reuters) -China’s Vice Premier He Lifeng said China and the United States should strengthen consensus and maintain communication, state news agency Xinhua reported on Wednesday, after the two countries agreed to get a delicate trade truce back on track.

U.S. and Chinese officials, including He, concluded two days of negotiations in London on Tuesday to resolve key trade issues in the two superpowers’ bruising tariff war, including on a raft of export control measures that have hobbled global supply chain.