Trade Deal Declared “Done”: President Trump announced on Truth Social that a U.S.-China trade agreement reached during high-level talks in London is finalized, reverting to the framework first negotiated in Geneva last month.
Tariff Adjustments Outlined: Under the new deal, U.S. base tariffs on Chinese imports will rise to 55%, while Chinese duties on American goods will be set at 10%, replacing cumulative levies that had peaked at 245%.
Rare Earth and Student Visas: China has agreed to supply critical rare earth minerals up front, and the White House will continue allowing Chinese students to study in U.S. colleges and universities, reversing earlier visa-revocation plans.
On June 11, 2025, President Trump wrote on Truth Social that the much-anticipated trade deal between the United States and China is “done,” following two days of intensive negotiations in London. U.S. Treasury Secretary Scott Bessent led the American delegation at Lancaster House, where officials agreed to return to the trade framework initially agreed in Geneva last month.
China’s state news agency Xinhua described the London discussions as “reasonable” and “frank,” quoting a statement that urged both countries to “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.”
Under the reunited framework, the U.S. will raise its base tariffs on Chinese goods to 55%. In comparison, China will set its tariffs on American products at 10%. Before last month’s temporary trade truce, cumulative tariffs imposed by both sides had soared to as much as 245%, a level widely cited as disruptive to global supply chains.
A major breakthrough in the negotiations came over rare earth elements vital for electronics, defense systems, and renewable energy technologies. Trump noted that China, which dominates global rare earth production, will supply these minerals “up front” as part of the agreement, ending a months-long export halt that had hindered manufacturers in the U.S. and Europe.
In a notable policy reversal, the president also appeared to backtrack on an earlier announcement by Secretary of State Marco Rubio regarding the revocation of visas for Chinese students tied to the Chinese Communist Party or studying in “critical fields.” Trump affirmed that “We will provide to China what was agreed to, including Chinese students using our colleges and universities,” highlighting the administration’s recognition of the educational and cultural benefits of continued academic exchange.
As both sides prepare to implement the accord, industry analysts will be watching closely to see whether the raised tariffs and guaranteed mineral supplies can stabilize trade relations and alleviate pressures on global markets. The coming weeks will reveal how effectively this “done” deal translates into on-the-ground economic cooperation.
