From Politico: President Donald Trump said Wednesday morning the U.S. is dropping plans to revoke Chinese student visas in exchange for China resuming the flow of rare earth minerals to the U.S.
The details, which Trump shared in a Truth Social post, build on a Tuesday night announcement from U.S. and Chinese officials that they have agreed to a “framework” to deescalate trade tensions between the two countries. That framework, however, does little more than promise to implement an agreement the U.S. and China reached in Geneva last month, which stalled amid ongoing tensions between the two countries.
In a Truth Social post Wednesday morning, Trump wrote:
OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME. 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%. RELATIONSHIP IS EXCELLENT! THANK YOU FOR YOUR ATTENTION TO THIS MATTER!
In a second post, Trump continued:
Adding to the China readout, 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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