Trump China Trade Deal: ‘Done’ – Latest Updates
The U.S. and China have forged a preliminary trade deal to de-escalate tensions, as confirmed by both nations, with the agreement awaiting final approval from Presidents Trump and Xi Jinping.This deal addresses critical issues, principally the supply of rare earth minerals, vital for tech manufacturing and long at the centre of trade disputes; it also includes the continuation of student visas. U.S. officials, including Commerce Secretary Lutnick, believe the deal will resolve restrictions on these key minerals, which would ease pressure on sectors from smartphones to electric vehicles. China’s Vice Commerce Minister Li Chenggang confirmed the agreement’s framework. For complete updates on the trump China Trade Deal, stay informed with News Directory 3. Discover what’s next as both leaders weigh in.
US, China Reach Trade Deal Framework on Rare Earth Minerals
Updated June 11, 2025
The United States and China have established a framework to ease trade tensions, according to statements from both countries. The agreement, reached after talks in London, awaits final approval from President Donald Trump and President xi Jinping.
Trump announced the deal on his Truth Social platform, stating that China will supply needed rare earth minerals, while the U.S. will continue to welcome Chinese students to American colleges and universities.Rare earth minerals are a key component in many technologies.
U.S. Commerce Secretary Howard Lutnick indicated that the agreement should resolve restrictions on rare earth minerals and magnets. Washington has previously criticized Beijing for slow exports of these materials, essential for manufacturing smartphones and electric vehicles. In turn, China has faced restrictions on access to U.S. goods, including semiconductors and AI-related technologies.
Li Chenggang, China’s Vice Commerce Minister, confirmed the agreement in principle, aligning with the consensus reached during a recent phone call between the two leaders and a prior meeting in Geneva.
the discussions follow a period of escalating tariffs between the two nations,peaking with tariffs as high as 145%. A temporary truce in May reduced these rates, setting a 90-day deadline to reach a complete trade deal. However, both countries have since accused each other of breaching non-tariff pledges.
Jamieson Greer, U.S.Trade Representative, claimed China failed to ease restrictions on rare earth magnets. Beijing countered that the U.S. restricted sales of computer chip design software, warned against using Huawei chips, and canceled visas for Chinese students.
Prior to the recent talks, the Chinese Ministry of Commerce approved some rare earth export licenses, though specific countries were not disclosed.Trump stated that xi agreed to restart trade in these materials.
What’s next
Implementation of the framework hinges on approval from both presidents. If approved, the agreement aims to de-escalate trade tensions and address key issues such as rare earth minerals and access to educational opportunities.