Trump says China will face 55% tariffs as he endorses trade deal:
Agreement struck in London will increase supply of rare earth minerals and magnets for US car ...
theguardian.com/business/2025/jun/11/trump-says-china-will-face-55-percent-tariffs-us-trade-deal-rare-earth-minerals
Photo: theguardian.com · view article
Trade Deal Boosts Rare Earths for US Auto SectorLondon agreement secures six months of rare earth supplies and sets tariffs on China at a combined 55%.
Key FactsJun 11, 2025 · Reading time: ~30 sec.
Summary created with AI assistance · Source: theguardian.com
Summary created with AI assistance · Source: theguardian.com
- A trade deal was reached in London to increase rare earth mineral supplies critical for the US automotive industry.
- The total tariffs on Chinese imports will rise to 55%, reflecting multiple existing levies combined.
- The deal also facilitates greater access for Chinese students to study in American colleges, pending Xi Jinping's approval.
- This agreement addresses supply shortages that threatened US car production and builds on a Geneva framework.
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Key FactsUS-China Trade Deal Maintains 55% Tariff Rate
Jun 11, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- US Commerce Secretary Howard Lutnick confirmed that tariffs on Chinese goods will remain at 55%.
- A trade deal has been reached, pending signatures from Presidents Trump and Xi Jinping.
- The agreement includes the removal of Chinese export restrictions on rare earth minerals and other key industrial inputs.
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You can definitely say that.— U.S. Commerce Secretary Howard Lutnick in an interview with CNBC when asked if the tariff levels on China would not change.
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