Trump Says China Tariffs to Remain High Amid Preliminary Trade Deal
In a high-stakes update on U.S.-China relations, President Donald Trump announced that tariffs on Chinese goods will remain high, despite what he described as a "done" preliminary trade deal between the two global powers.
🇺🇸🤝🇨🇳 Deal Not Yet Signed, But Claimed as “Done”
Speaking just two days after trade talks concluded, Trump stated via his Truth Social platform that while the agreement still requires his and President Xi Jinping’s final approval, it is effectively complete.
“It’s done,” Trump declared. “We’re keeping the tariffs in place.”
This means the current high tariffs on Chinese imports—a cornerstone of Trump’s economic strategy—will not be rolled back, at least in the short term.
📦 Rare Earths and Magnets Front and Center
Trump revealed that China will provide rare earth minerals and magnets “up front” as part of the agreement. These materials are crucial to various American industries, including defense and electronics.
However, Trump offered no clarification on quantities or delivery timelines, leaving many economic analysts skeptical about the immediate benefits of the deal.
📊 Unclear Tariff Terms
One of the more puzzling claims from Trump was this:
“We are getting a total of 55% of tariffs, China is getting 10%.”
The statement lacked further explanation, raising questions about whether Trump was referring to tariff percentages, trade gains, or a comparative revenue figure. Economists have noted that transparency is critical in maintaining market confidence during such announcements.
🌐 Global Markets React Cautiously
Global markets saw modest movement following Trump’s post, with investors awaiting official documentation and verification from both U.S. and Chinese trade authorities.
China has not yet released an official response or statement regarding the alleged agreement.
🔍 What’s Next?
If finalized, this trade agreement could reshape U.S.-China economic relations, but with tariffs remaining high, American businesses and consumers may continue to feel the pressure of elevated import costs.
Observers are watching closely for:
- A formal signing event between Trump and Xi
- Detailed breakdown of the agreement terms
- Reactions from global trade bodies and stock markets
By ✍️ Yorlinda Ramìrez - MicuPost Team
Sources:
