Trump Announces 55% Tariffs on Chinese Goods in Trade Deal

President Donald Trump announced a new US-China trade framework that sets tariffs on Chinese goods at a total of 55 percent, which incorporates existing tariffs including a 10-percent baseline tariff, a 20-percent levy for fentanyl trafficking, and a 25-percent tariff on China-made goods. Under the agreement, China will supply the US with rare earth minerals and magnets crucial for industries such as automotive, aerospace, electronics, and defense. In exchange, the US will maintain commitments including allowing Chinese students to continue studying at American universities. The deal, agreed upon after negotiations in London, aims to revive a previously agreed trade truce and remove Chinese export restrictions on critical minerals, though it remains subject to final approval by both Trump and Chinese President Xi Jinping. While the tariffs appear to have increased from prior agreements, White House officials clarified the total rate reflects cumulative tariffs rather than a new hike. The agreement faces scrutiny amid reports linking Chinese mineral supply chains, particularly in Xinjiang, to forced labor involving Uyghur minorities, which China vehemently denies.