Back to today’s briefing

Story perspectives

Trump Announces Major Trade Deal with China: Key Terms Revealed

6/11/2025

25 4

Summary

Story summary

President Trump triumphantly announced a completed trade deal with China following intense negotiations in London. The agreement promises China to provide rare earth minerals upfront and maintain a hefty 55% tariff on its goods, while reducing its own tariffs to 10%. Both leaders await final approval, hoping to soothe ongoing trade tensions.

1 of 1

Story summary

President Trump triumphantly announced a completed trade deal with China following intense negotiations in London. The agreement promises China to provide rare earth minerals upfront and maintain a hefty 55% tariff on its goods, while reducing its own tariffs to 10%. Both leaders await final approval, hoping to soothe ongoing trade tensions.