U.S Traiffs On Chinese Goods Go To 55% In New Trade Deal

UNITED STATES – President Donald Trump says a new trade deal with China is complete, pending final approval from Chinese President Xi Jinping.

The agreement outlines a significant shift in trade dynamics between the two global powers. Under the deal, the United States will gain access to magnets and rare earth minerals from China, critical components used in technology and defense industries. In exchange, tariffs on Chinese goods entering the U.S. will increase to 55%, marking a sharp escalation in duties.

Senior U.S. and Chinese negotiators made the announcement late Tuesday during talks in London. They confirmed that a framework has been reached to get trade negotiations back on track after a series of heated disputes threatened to unravel discussions entirely.

As part of the agreement, Trump also announced that Chinese students will once again be permitted to study in the United States, signaling a potential softening in U.S. education restrictions tied to earlier national security concerns.

The deal now awaits final sign-off from President Xi, who has not yet publicly responded. If approved, the agreement would mark a notable breakthrough in U.S.-China relations after years of tension and tit-for-tat trade barriers.