China, Trump
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Trump, Caroline Leavitt
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Prime Minister Keir Starmer reached an agreement with US President Donald Trump to implement some main elements of the trade deal announced last month to lower US tariffs on key British exports and raise UK quotas on certain American agricultural products.
President Trump left the G7 after firming up a trade deal with the United Kingdom. But he hinted at roadblocks on other fronts, saying Tuesday that Japan was being "tough" in trade talks and the European Union has failed to offer a fair deal.
Trump says the US and China have struck a deal that will mean 55% tariffs on Chinese good and Chinese students returning to American colleges.
China will only be renewing contracts for its rare earths six months at a time, making rolling trade negotiations more likely, The Wall Street Journal reported.
President Trump and British Prime Minister Keir Starmer signed a trade deal that they had agreed to last month at the G7 summit in Canada. Trump said the US's relationship with Britain was "just fantastic,
While Donald Trump hailed the outcome of trade talks in London, Xi Jinping walked away with an understated strategic gain: a negotiating process that buys China time and helps defuse the threat of more harmful tariffs and technology curbs.
President Donald Trump said the deal with China is "done." His former Commerce Secretary told Business Insider it's far from comprehensive.
Two days of trade talks resulted in what leaders called a framework agreement meant to solidify terms of a truce that the superpowers reached in Geneva last month.