Trump Says Trade Deal With China Is Done

The United States has apparently reached a trade deal with China. That's according to this social media post from president Trump this morning. The post reads in part: "Our deal with China is done, subject to final approval with President XI and me." The deal was apparently reached following high level talks between representative of both countries in meetings in London. U.S. Commerce Secretary Howard Lutnick has also confirmed a framework of a deal is in place and signals a commitment to de-escalate tension between the two countries. Lutnick has also indicated that U.S. restrictions on advanced tech sales to China would be rolled back as Beijing approves rare earth exports. President trump wrote in his post that, "We are getting a total of 55% tariffs, China is getting 10%. relationship is excellent."