Excellent. The devil is in the details, but it’s progress.
U.S. President Donald Trump Wednesday said that China will supply rare earths upfront to the U.S. as part of a trade agreement.
The relationship between the world’s two largest economies is “excellent,” Trump said in a post on Truth Social, while adding, “WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%.”
He added that full magnets and “any necessary rare earths” will be supplied up front by China and that the U.S. will in turn make certain concessions such as allowing Chinese students to attend U.S. colleges and universities.
The agreement is subject to final approval with himself and China President Xi Jinping, the White House leader said.
Representatives from both sides had on Tuesday revealed that a deal had been reached on trade after a second day of high-level talks in London.
“We have reached a framework to implement the Geneva consensus and the call between the two presidents,” U.S. Commerce Secretary Howard Lutnick told reporters.
This must be fake news. We were told this couldn’t be done. Trump was bringing economic armageddon to America. Tariffs never work, blah, blah, blah.
Owen is right that the details matter. Trump has a tendency to… lie by omission. Pick and choose details one might say. That 55% could be on something obscure.
And if it is really a 55% tariff we will now see it companies raise their prices cascading down on American consumers. No one said he couldnt get a deal done, but is it actually a good deal for the US citizens? Wait and see. Because if prices do go up, it IS bad for many Americans and small businesses.
And this does nothing for the national security argument. We are still getting our supplies from them.
Soft brain JV rants about “Details Matter” and then spews a bunch of unfounded drivel. Cool, more of what we expect from our resident liberal. I thought you were leaving?
Never said I was leaving. I just check the site way less often.
The more I read about this, the more you realize there is no deal. It is a handshake agreement on a framework for creating a deal. lol. Trump continues to just say shit that isn’t real and the cult eats it up.
People who say that a deal is done or virtually done are just as wrong as people who read news sites specifically and publicly dedicated to calling everything the Trump administration does a lie or toxically bad.