Trump says China will supply rare earths, US to allow students
Published by Global Banking & Finance Review®
Posted on June 11, 2025
1 min readLast updated: January 23, 2026
Published by Global Banking & Finance Review®
Posted on June 11, 2025
1 min readLast updated: January 23, 2026
Trump confirms a deal with China to supply rare earths to the US, while allowing Chinese students in American universities. The agreement awaits final approval.
WASHINGTON (Reuters) -President Donald Trump said on Wednesday the U.S. deal with China is done, with Beijing to supply magnets and rare earth minerals while the U.S. will allow Chinese students in its colleges and universities.
"WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%. RELATIONSHIP IS EXCELLENT!" Trump wrote on Truth Social using his trademark capitalization.
Trump said the deal is subject to final approval by him and President Xi Jinping.
(Reporting by Doina Chiacu and Brendan O'Brien; Editing by Katharine Jackson)
China will supply magnets and rare earth minerals as part of the deal.
The US is imposing a total of 55% tariffs, while China will have 10%.
The deal is subject to final approval by President Trump and President Xi Jinping.
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