Trump says a U.S.-China trade deal is ‘done’
President Trump wrote on social media that a trade deal with China is “done.”
This comes after the U.S. and China announced after two days of high-level talks in London this week that they are returning to a trade framework they reached last month in Geneva, Switzerland.
China says its talks with the U.S. were “reasonable” and “frank.”
“China reiterates that the two sides should act in the same direction, keep their promises and fulfill their actions, show the spirit of integrity in abiding by their commitments and the efforts to implement the consensus,” China’s state news agency Xinhua wrote after the London talks.
Trump said Wednesday that base American tariffs on Chinese goods will increase to 55% and Chinese tariffs on American goods will be set at 10%. Until a trade truce last month, cumulative customs levies the two countries imposed on each other reached as high as 245%.
Trump wrote on Truth Social that as part of the newly agreed trade framework, China would supply rare earth minerals it has a monopoly in producing “up front.” Rare earths had been a key sticking point and China had cut off much of its exports to the U.S. and Europe.
Trump also appeared to reverse an earlier announcement from Secretary of State Marco Rubio that Washington would start revoking visas for Chinese students who had a connection to the Chinese Communist Party or studied in what it called “critical fields.”
“WE WILL PROVIDE TO CHINA WHAT WAS AGREED TO, INCLUDING CHINESE STUDENTS USING OUR COLLEGES AND UNIVERSITIES (WHICH HAS ALWAYS BEEN GOOD WITH ME!),” Trump wrote on Truth Social.
The Best Tiny Desk Concerts of 2025
Which Tiny Desk made an audio engineer question everything? Which one made a producer want to cry? Touch grass? Look back on the year in Tiny Desk, with the people who make them.
Teens are having disturbing interactions with chatbots. Here’s how to lower the risks
Teen use of AI chat bots is growing, and psychologists worry it's affecting their social development and mental health. Here's what parents should know to help kids use the technology safely.
Why do so many people ring in the new year on Jan. 1?
Much of the world follows the Gregorian calendar, named after Pope Gregory XIII, who put the finishing touches on a Roman system that integrated ideas from other cultures.
A ‘very aesthetic person,’ President Trump says being a builder is his second job
President Trump was a builder before he took office, but he has continued it as a hobby in the White House.
Electric vehicles had a bumpy road in 2025 — and one pleasant surprise
A suite of pro-EV federal policies have been reversed. Well-known vehicles have been discontinued. Sales plummeted. But interest is holding steady.
Pipe bomb suspect told FBI he targeted U.S. political parties, memo says
The man accused of placing two pipe bombs in Washington on the eve of Jan. 6, 2021 told investigators someone needed to "speak up" for people who believed the 2020 election was stolen, prosecutors said Sunday.
