Trump Announces Major Trade Deal with China: Rare Earths at the Forefront

President Donald Trump announced on Wednesday that the United States had reached a trade agreement with China. The deal, which is subject to final approvals from both sides, includes a key provision for China to supply rare earth minerals upfront to the U.S. This is a significant development, given the ongoing trade tensions between the two countries and the strategic importance of rare earths in various industries. Trump himself confirmed the agreement via a post on Truth Social, stating, "Our deal with China is done, subject to final approval with President Xi and others." A CNBC news report further elaborated on the deal, highlighting that the U.S. will also provide China with certain concessions, including continued access for Chinese students to American colleges and universities. While the deal is viewed as a positive step towards easing trade tensions, the lack of a specific timeline for implementation raises questions about the speed and effectiveness of its execution. The CNBC report also emphasized Trump's assertion that the relationship between the U.S. and China is "excellent." This development signifies a potential turning point in the trade relationship between the two economic giants, though its long-term impact remains to be seen.