President Donald Trump has confirmed that a new trade agreement with China is officially “done,” pending only his and President Xi Jinping’s final signatures. The deal marks a major victory for U.S. industry, reasserting American dominance in global trade negotiations and securing long-sought concessions from Beijing.
Under the finalized terms:
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The U.S. will impose a 55% tariff on Chinese imports.
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China will impose only a 10% tariff on American goods.
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China will resume rare-earth mineral exports to the U.S.—crucial materials for American defense, tech, and energy production.
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Chinese students will still be allowed to attend American universities under existing visa rules.
“We are getting 55%. China is getting 10%. Relationship is excellent!” Trump declared on Truth Social. He called it one of the most significant economic wins of his presidency, adding that American workers and manufacturers would see the benefits almost immediately.
The rare-earth concession is a major piece of the deal. China had previously used its control of those critical materials as leverage in past disputes. With the new agreement, those resources will once again flow to American industries—while tariffs shield domestic production from cheap Chinese competition.
This deal follows a series of high-stakes negotiations led by Treasury Secretary Scott Bessent and comes on the heels of Trump’s “Liberation Day” tariff strategy, which had already raised Chinese import duties to over 145%. Trump made clear that the pressure campaign worked: China returned to the table, and the U.S. walked away with the upper hand.
Trump has framed the deal not just as an economic win, but a geopolitical one—sending a message to allies and adversaries alike that the United States will no longer accept one-sided trade relationships.
“This is how you negotiate from strength,” Trump said. “We didn’t cave. We didn’t beg. We put America first—and we got the deal done.”
The agreement now heads for final ratification. Once signed, it will mark the end of a prolonged tariff war and the beginning of a new era of balanced trade—with American power firmly in the driver’s seat.