Payam Javan: President Donald Trump announced on June 11 via Truth Social that the United States and China have finalized a trade agreement following negotiations in London. The deal secures a steady supply of rare earths and magnets from China, critical for various U.S. industries, while the U.S. will permit Chinese students to access its colleges and universities, a move Trump emphasized as mutually beneficial.

The agreement includes a 55% tariff rate imposed by the U.S. on Chinese goods, with China applying a 10% tariff in return, and Trump described the bilateral relationship as “excellent.” The deal awaits final approval from both Trump and Chinese President Xi Jinping, with U.S. stock markets showing minimal reaction in pre-market trading following the announcement.