Trump Declares US-China Trade Deal ‘Done’ After London Talks
- rendall6
- Jun 13
- 1 min read
President Donald Trump announced that a new U.S.-China trade agreement, negotiated in
London, is “done.” Talks resumed after the May 12 trade truce between the two countries collapsed, with each side accusing the other of failing to uphold the terms of the agreement. The new deal restores the earlier framework while addressing ongoing disputes around rare earth elements, according to Trump and other U.S. officials. The U.S. will maintain a 55% tariff rate on Chinese imports, while China will impose a 10% rate on American goods.
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