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Trump declares readiness for a trade deal with China

U.S. President Donald Trump declared the readiness of the trade agreement between America and China, with the expectation of final endorsement from the leaders of each nation. "Our China deal is set. Final approval anticipated..."

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Trade agreement between U.S. and China is fully prepared; awaiting final endorsement from both...
Trade agreement between U.S. and China is fully prepared; awaiting final endorsement from both nation's leaders according to President Donald Trump: "Deal with China set; awaiting leaders' final OK..."

The Latest on the U.S.-China Trade Pact

Trump declares readiness for a trade deal with China

In the whirlwind of current affairs, one agreement that's grabbing attention is the tentative trade deal between the U.S. and China. Let's dive in, and check out the main pillars of this deal.

Tariff Standoffs:- Go Live Date: Set for May 14, 2025.- China Exports: A 30% tariff baseline stands, with a 20% levy due to alleged fentanyl trafficking and a 10% reciprocal tariff sneaking in.- Rise Reaper: If by August 14, 2025, a comprehensive agreement isn't on the table, that 10% reciprocal tariff could skyrocket to a daunting 34%, potentially taking the total baseline tariff to a jaw-dropping 54%[2].

Exemptions:- Several products stand untouched, such as key tech components like semiconductor devices and essential minerals like critical minerals. Also in the clear are Section 232 tariff-impacted steel and aluminum products, their derivatives, and automobiles with accompanying auto parts[2].

Rare Earth Metals – Discretionary:- The deal makes no specific mention of rare earth metals in the tariff reductions or exemptions. Yet, given the omission of critical minerals, it's quite probable that rare earths could be covered indirectly under this classification, although this isn't explicitly stated[2].

Academia – Standing Pat:- The current agreements hold no ground on student exchange programs. The trade pact focuses overwhelmingly on economic and tariff adjustments, keeping education and cultural exchanges on the back burner for now[1][2].

Overall, the agreement seeks to de-escalate tensions and foster a healthier trade relationship between the U.S. and China. Nonetheless, specifics on rare earth metals and student exchanges remain elusive details in the publicly disclosed agreement.

In the preceding weeks, the duo locked horns over student visas, visa restrictions, and advanced chip exports. On May 12, in Geneva, both concurred on significant reductions in tariffs that surpassed the 100% mark for 90 days[3]. However, subsequent accusations and rebuttals ensued, intensifying the ongoing standoff.

Stateside, Natalia Petrova

© 2025, RIA "Novy Day"

What a tangled web we weave, when first we practice to deceive. – Sir Walter Scott.

[1] https://www.businessinsider.com/us-china-trade-agreement-details-says-senior-white-house-official-2025-5[2] https://www.whitehouse.gov/briefings-statements/fact-sheet-key-provisions-president-donald-j-trumps-agreement-china-u-s-phase-one/[3] https://www.reuters.com/business/us-china-trade-waive-tariffs-shipping-deadline-weeks-2025-05-12/

  1. Despite the announced trade deal, concerns remain about specific policies regarding rare earth metals and student exchanges between the U.S. and China, as these details have not been explicitly stated in the agreement.
  2. The trade pact mostly focuses on economic and tariff adjustments, leaving education and cultural exchanges, such as student exchange programs, on hold for the time being.
  3. The omission of critical minerals like rare earth metals from the tariff reductions and exemptions could imply that they could be covered indirectly under this classification, although this isn't explicitly stated. The international trade dynamics between the U.S. and China continue to be influenced by elements of business, finance, politics, war-and-conflicts, policy-and-legislation, and general news.

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