• Source:JND
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US President Donald Trump announced on Wednesday that a significant trade agreement with China has been finalised, ensuring the United States access to Chinese rare earth minerals and magnets. In exchange, the US has agreed to ease restrictions on Chinese student visas, a move Trump described as mutually beneficial.

Trump made the announcement via a post on his Truth Social platform, stating, “Our deal with China is done, subject to final approval with President Xi and me. Full magnets, and any necessary rare earths, will be supplied, up front, by China. Likewise, we will provide to China what was agreed to, including Chinese students using our colleges and universities (which has always been good with me!).”

He added that the US would maintain 55 per cent in tariffs compared to China’s 10 per cent, and described the bilateral relationship as “excellent.”

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Rare Earth Access A Strategic Priority

The deal addresses one of Washington’s top trade priorities, unrestricted access to rare earth minerals, which are vital to manufacturing electric vehicles, smartphones, and military equipment. US officials have long accused Beijing of manipulating exports for political leverage.

The trade deal was reportedly finalized after two days of negotiations at Lancaster House in London. US Commerce Secretary Howard Lutnick stated that the agreement was a “crucial first step” in lifting China's export restrictions on key minerals and magnets. “We pushed hard for this, and we’re satisfied with the progress,” Lutnick said.

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Built On Xi-Trump Dialogue And Geneva Talks

This agreement follows a phone conversation on June 5 between Trump and Chinese President Xi Jinping, where both leaders agreed on the need to stabilise trade ties. China's Vice Commerce Minister Li Chenggang later confirmed that the framework was solidified during Geneva talks and finalised in London.

One of the more surprising aspects of the deal is the visa concession. Chinese students will once again be welcomed at US universities, a move Trump praised, saying it’s "always been good with me." This comes after years of tightened visa scrutiny under national security concerns.