1 year ago
30
President Donald Trump on Wednesday claimed that American and Chinese negotiators in London have struck a deal to avert the trade war he had been stoking against Beijing since returning to office in January.
In an early-morning, all-caps post on Truth Social, Trump said the deal was “done” pending a “final approval” by him and Chinese president Xi Jinping.
He also said Beijing had agreed to supply “full magnets” and “any necessary rare earths” to American buyers “up front” in exchange for the president dropping his plan to prohibit Chinese students from enrolling at American colleges and universities while adding that the U.S. and China would maintain effective tariff rates on respective imports at 55 percent and ten percent.
“RELATIONSHIP IS EXCELLENT! THANK YOU FOR YOUR ATTENTION TO THIS MATTER!" he said.
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