Trump says China will supply rare earths, US to allow students

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)