Trump announced that the U.S. would charge a 55% tariff on Chinese goods, while Beijing would impose a 10% tariff on U.S. goods. He also proclaimed that China will continue to export magnets and rare earth materials, while the U.S. would allow Chinese students to continue studying the U.S.

President Donald Trump announced that a US-China trade deal is ‘done’ — and that in exchange for Chinese magnets and rare-earth minerals and a 55% tariff on Chinese goods the US will provide China “what was agreed to,