US-China Trade Deal: US-China deal finalised, 55% tariff imposed on Chinese goods, know what Trump said

US-China Trade Deal: Former US President Donald Trump has once again indicated a tough stance on China, saying that the US is preparing to impose a 55 percent tariff on Chinese goods. The announcement comes at a time when a temporary trade deal has been agreed upon after an important dialogue between representatives of the two countries in London. According to Trump, this deal will ensure a safe supply of rare minerals from China to the US.

Trump's social media post

Trump wrote on the social media platform Truth Social, "President Xi and I will work together to open China to US trade. This will be a big win for both countries!!!" Describing the relationship between the two countries as "excellent", he also said that the US would allow Chinese students to study at its universities, which according to him "has always been a good deal".

Tariff dispute and resumption of talks

Trade talks between the two countries had been stalled in recent weeks. According to reports, the US was earlier levying tariffs up to 145% on Chinese goods, which was initially agreed to be reduced to 30%. Now this rate is set to be increased again to 55%. At the same time, China has also reduced its tariff on American products from 125% to 10%.

New deal on mineral supply

The main attraction of this agreement is the supply of rare earth minerals from China to the US. China is the global leader in this field, which produces more than 60% of the world's rare earths and also processes up to 90% of them. The US has been concerned that China should not have a monopoly in the supply of these minerals needed for the technical and defense industries. Now this deal can reduce that risk.

Forced labor and human rights questions

However, some questions are also being raised on this agreement. According to reports, these minerals may be produced through forced labor in China's Xinjiang region. Big brands like Walmart, Avon, Nescafe and Coca-Cola may be linked to these supply chains. The report accuses 77 companies in Xinjiang of using forced labour from Uighur and Turkic ethnic groups, which China has denied.