By Molly Claire Goddard
5:35am PDT, Jun 13, 2025
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Donald Trump is giving a bold update about the trade war between the United States and China.
On Wednesday, June 11, the president took to Truth Social to claim the two nations had finally reached a deal after two days of negotiations in London following the tumultuous back and forth over the duties.
Keep reading to learn what Trump said about the alleged agreement…MORE:
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Donald Trump shared that talks with President
Xi Jinping went smoothly and a deal was reached.
"Our deal with China is done, subject to final approval with President Xi and me," he wrote. "Full magnets and any necessary rare earths, will be supplied, up front, by
China."
"Likewise, we will provide to China what was agreed to, including Chinese students using our colleges and universities (which has always been good with me!). We are getting a total of 55% tariffs, China is getting 10%. The relationship is excellent! Thank you for your attention to this matter!" he continued. "President XI and I are going to work closely together to open up China to American Trade. This would be a great WIN for both countries!!"
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White House press secretary
Karoline Leavitt addressed the supposed agreement between Donald Trump and Xi Jinping.
"What the president heard, he liked," the media liaison said. "China has agreed to open their markets to the United States separately of this deal."
Leavitt emphasized how the commander-in-chief is "reviewing the details" of the agreement and noted that the United States and
China are "in a great place right now."
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Treasury Secretary Scott Bessent also gave his take on how the talks went: "China currently has the most imbalanced economy in the world," he said during the Wednesday, June 11, House Ways and Means Committee meeting.
"They are in the midst of a real estate downturn — some may call a crisis — and they are trying to export their way out of it, rather than take domestic measures," he continued. "They cannot be allowed to export their way back to prosperity, which would mean substantial decreases in the standards of living, not only for the United States [and] working Americans, but for working citizens across the world."
