Trump says China will face 55% tariffs as he endorses trade deal
Agreement struck in London will increase supply of rare earth minerals and magnets for US car industry
• Business live – latest updates
Donald Trump has endorsed the US-China trade deal struck in London that will ramp up supplies of rare earth minerals and magnets needed for the automotive industry, saying it will take total tariffs on Beijing to 55%.
Acknowledging that his Chinese counterpart, Xi Jinping, still needed to give his final approval on the terms agreed late on Tuesday night at Lancaster House, the US president disclosed the pact would also facilitate Chinese students’ access to US colleges. Continue reading...
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