President Trump Announces Breakthrough Trade Deal With China, 'Deal With China Is Done'

President Trump announced a pending trade deal with China that includes rare earth exports and Chinese student access to U.S. universities. The agreement aims to stabilize strained relations between the world’s two largest economies.

Key Facts:

President Trump said a trade deal with China is “done,” pending final approval from Chinese President Xi Jinping.
The deal includes rare earth exports from China and renewed student visa access for Chinese nationals attending U.S. universities.
U.S. tariffs on Chinese goods are set to total 55%, while China will impose a 10% rate.
Talks concluded in London between U.S. and Chinese officials following a 90-day tariff truce established in Geneva.
The agreement follows a high-level phone call between Trump and Xi that helped restart negotiations after weeks of tension.

The Rest of The Story:

President Trump used Truth Social to declare that the U.S. and China had reached a deal “subject to final approval.”

He noted the arrangement includes China’s supply of rare earth materials and acceptance of Chinese students in American universities.

“We are getting a total of 55 per cent tariffs, China is getting 10 per cent,” Trump wrote, characterizing the relationship as “excellent.”

The negotiations in London involved top-level officials, including U.S. Commerce Secretary Howard Lutnick and Chinese Vice-Premier He Lifeng.

The sessions were described as “candid and in-depth,” resulting in an “agreement in principle” that both sides will now take to their leaders for final sign-off.

China’s statement emphasized mutual respect and cooperation, but maintained that it has principles it won’t compromise.

The deal builds on an earlier agreement in Geneva, which paused tariff hikes for 90 days.

That truce came under pressure as both nations accused each other of breaching terms, particularly over rare earth controls and student visa restrictions.

The new London framework revives commitments to lower tariffs and resume sensitive goods exchanges, including rare earths essential to manufacturing and tech industries.

Commentary:

This development signals a critical turning point after months of rising tensions between the U.S. and China.

The promise of a final agreement on trade is welcome news for industries and universities alike.

If China follows through on supplying rare earths and opens its market to American goods, this could bring meaningful economic relief to both sides.

Rare earths are vital to U.S. defense and tech sectors, and securing their supply chain is a top priority.

President Trump’s inclusion of student visas as part of the deal suggests a broader diplomatic strategy.

Allowing Chinese students back into U.S. institutions while keeping national security guardrails in place strikes a reasonable balance.

The new 55% total tariff package sounds aggressive, but it reflects a layered structure that includes past levies and penalties for issues like fentanyl trafficking.

This keeps pressure on China while still allowing trade channels to reopen.

The inclusion of a long-term framework rather than a one-time fix adds to the promise.