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Trump says China will ship rare earths in ‘done’ trade deal

Washington | President Donald Trump says a trade framework with China has been completed, with Beijing removing export restrictions on rare earths and magnets and the US allowing Chinese students into its colleges and universities.

The US and China will maintain tariffs at their current, lower levels following the two nations’ agreement this week in London, Trump said on Wednesday (Thursday AEST). That number is still higher than before the president took office. Trump said he and Chinese President Xi Jinping must still formally sign off on the agreement.

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    Original URL: https://www.afr.com/world/north-america/trump-says-us-china-deal-is-done-as-officials-agree-truce-20250612-p5m6rk