Trump Announces 55% Tariffs on China Amid Trade Deal Progress

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Source: The Guardian
Trump Announces 55% Tariffs on China Amid Trade Deal Progress
Photo: The Guardian
TL;DR Summary

Donald Trump endorsed a US-China trade deal that includes a total of 55% tariffs on China, primarily reflecting reciprocal tariffs and existing levies, while also facilitating Chinese access to US colleges and ensuring supply of critical rare earth minerals for US industries amid ongoing trade tensions.

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