On Wednesday, The New York Post reported that America had reached a trade agreement with China.

The article reports:

President Trump announced early Wednesday that the US had reached a trade agreement with China following two days of negotiations in London.

“Our deal with China is done, subject to final approval with President Xi and me,” Trump revealed in an all-caps post on Truth Social. “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%. The relationship is excellent! Thank you for your attention to this matter!”

The article concludes:

The commerce secretary said the new arrangement would see China ease barriers on rare earth minerals “in a balanced way,” without elaborating on specifics.

Lutnick (Commerce Secretary Howard Lutnick) claimed that the framework brokered in London put “meat on the bones” on the Geneva consensus and would allow China to ease barriers on rare earth minerals “in a balanced way,” without elaborating on specifics.

China’s Vice Commerce Minister Li Chenggang had similarly confirmed late Tuesday that an agreement in London had been reached, subject to Trump’s and Xi’s approval.

I really would like to see a limit on the number of Chinese students allowed in our universities, but overall I think this will turn out to be a good deal.