Trump Claims Rare Earths Deal Reached with China

Updated June 12, 2025

Donald Trump has announced a preliminary agreement with China aimed at easing trade tensions. The deal, according to Trump, will ensure China supplies the U.S. with rare earths and ⁢ full magnets, critical components for various industries.

In exchange,⁣ the⁣ U.S. will reportedly ease restrictions on visas for Chinese ⁢students. Trump shared the announcement on his Truth Social platform, pending final ⁤approval from himself and President Xi Jinping.

The announcement follows discussions in London between U.S. and⁤ Chinese⁤ officials, seeking to resolve trade ⁣disputes that previously resulted in reciprocal tariffs. trump stated the U.S. would receive 55% in tariffs while ⁤China would receive 10%.

White House ⁣officials clarified that the 55% figure includes tariffs implemented during Trump’s earlier term. Details of the trade agreement and its implementation⁤ remain vague,leading to a muted market response,with analysts citing the deal’s “unfinished” nature.

“Our deal with China is done, subject to final approval from President Xi [Jinping] ⁤and me,” Trump wrote on his Truth Social platform.

The talks in London aimed to address shortcomings in a temporary⁣ trade truce established in Geneva last month. The Geneva agreement faltered due to China’s continued restrictions on⁣ critical minerals exports, prompting the U.S. to impose export⁢ controls⁣ on semiconductor design ⁤software and other technology goods.

What’s next

The world awaits further details and ⁣official confirmation from both nations regarding the specifics and implementation of this rare⁢ earths agreement, and its potential impact on global trade relations.