Brief by Shorts91 Newsdesk / 01:00pm on 11 Jun 2025,Wednesday Business
President Trump announced on June 11, 2025, a landmark trade deal with China: Beijing will resume exports of critical rare earth minerals and magnets to the U.S., while American tariffs on Chinese goods will surge to 55%, compared to China's planned 10% on U.S. imports . In return, the U.S. will continue allowing Chinese students to enroll in its universities . The agreement builds upon a 90‑day tariff truce brokered in Geneva and is now pending final approval by Presidents Trump and Xi . Analysts caution that enforcement details, export‑control relaxations, and geopolitical guards remain to be negotiated in follow‑up talks. (PC: NDTV)
