U.S.-China: 'Deal is done', says Trump

AWANI

U.S. President Donald Trump said the U.S. deal with China is done, with Beijing to supply magnets and rare earth minerals while the U.S. will allow Chinese students in its colleges and universities.

Transcript

00:00US President Donald Trump just posted on Truth Social, saying the US deal with China is done,

00:07subject to final approval from him and China President Xi Jinping.

00:11According to him, Beijing will supply magnets and rare earth minerals,

00:16while the US will allow Chinese students in its colleges and universities.

00:21The post by Trump came after representatives from US and China had revealed

00:25that the deal had been reached on trade after a second day of high-level talks in London.

00:31The announcement came after two days of negotiations in London

00:34between Washington and Beijing's top officials.

00:38US Commerce Secretary Howard Ladnick said the deal builds on an agreement reached last month in Geneva

00:45to ease bilateral retaliatory tariffs that reach triple-digit levels.

00:50Both countries had initially agreed to a temporary truce last month

00:55but later accused each other of breaching the Geneva deal.

00:59Washington claimed China had been slow to release exports of rare earth

01:03and restricted Beijing's access to US goods such as semiconductors.

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