U.S.-China trade deal "done" - Trump

Investing.com -- The U.S. trade agreement with China is a "done" deal, U.S. Donald Trump said in a social media post, following intense talks over two days in London earlier in the week.

"OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME," Trump said, in a post on his Truth Social site earlier Wednesday, adding that the relationship between the two presidents is "excellent."

He added that the U.S. will get the access to Chinese rare earth minerals and magnets, which his officials had been pushing for all week, while Chinese students will be allowed to use U.S. colleges and universities.

The U.S. president also noted that U.S. tariffs will total 55% on Chinese goods, while Chinese duties on U.S. goods will be 10%.

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