In a striking announcement on social media, President Donald Trump reportedly claimed that he has finalized a trade tariff agreement with Chinese President Xi Jinping.
The declaration, made on Truth Social, comes ten weeks after Trump unveiled a stringent new tariff policy that had rattled financial markets and raised concerns about a potential economic downturn.
“OUR DEAL WITH CHINA IS DONE,” Trump proclaimed in his characteristic all-caps style. However, he quickly tempered this bold assertion by clarifying that the agreement is “SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME.”
This caveat underscores the uncertainty that often surrounds Trump’s statements regarding international trade matters.
In his post, Trump detailed the terms of the deal, stating that China would supply “FULL MAGNETS” and any necessary rare earth elements upfront.
In return, he indicated that the United States would fulfill its commitments, including allowing Chinese students to attend American colleges and universities—a point he emphasized as “always good” in his view.
This remark is particularly noteworthy given Trump’s recent harsh rhetoric regarding foreign students at prestigious institutions, a shift that raises questions about his evolving stance.
‘Our deal with China is done… Relationship is excellent!’ – President Donald J. Trump pic.twitter.com/6NbYDtxuAk
— The White House (@WhiteHouse) June 11, 2025
The president asserted that the tariff structure would favor the U.S., with American interests receiving a total of 55% in tariffs while China would endure a mere 10%.
He described the bilateral relationship as “EXCELLENT,” expressing gratitude for the attention given to this matter.
His approach to trade has been a cornerstone of his political identity, often framed as a populist strategy aimed at protecting American jobs and industries.
However, the efficacy of such deals remains a contentious topic, with critics arguing that unilateral tariffs can lead to retaliatory measures that harm domestic economic interests.
The response to Trump’s announcement from both sides of the aisle has been mixed. Supporters praise his assertive stance towards China, viewing it as a necessary measure to counteract unfair trade practices.
Detractors, however, worry about the potential ramifications of his aggressive tactics, particularly in the context of a global economy still reeling from the effects of the COVID-19 pandemic.
As discussions about the deal proceed, it remains to be seen how much weight Trump’s claims will carry in the political arena. The emphasis on “final approval” suggests that the path to a conclusive agreement may be fraught with challenges, reflecting the complexities of U.S.-China relations.
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