President Donald Trump announced Wednesday that the United States will get magnets and rare earth minerals from China under a new trade framework and that tariffs on Chinese goods will total 55%.
State of the Union: The U.S. will impose a 55 percent rate and not restrict Chinese enrollment in U.S. colleges.
Agreement struck in London will increase supply of rare earth minerals and magnets for US car industry
President Donald Trump says the United States will get magnets and rare earth minerals from China under a new trade deal and tariffs on Chinese goods will go to 55%.
President Donald Trump says the United States will get magnets and rare earth minerals from China under a new trade deal and tariffs on Chinese goods will go to 55%.
The US Commerce Secretary said the deal should result in some restrictions being resolved.
Fresh talks aimed at resolving the trade war between the world's two largest economies are due to take place.