Trump claims rare earths deal 'done' with China
When Trump announced sweeping tariffs on imports from a number of countries earlier this year, China was the hardest hit.
China responded with its own higher rates on US imports, triggering further tit-for-tat increases.
In May, talks held in Switzerland led to a temporary truce that Trump called a "total reset".
It brought Trump's new US tariffs on Chinese products down from 145% to 30%, while Beijing slashed levies on US imports to 10% and promised to lift barriers on critical mineral exports. It gave both sides a 90-day deadline to try to reach a trade deal.
But the US and China subsequently claimed breaches on non-tariff pledges.
In his social media post, Trump said the US would have tariffs on Chinese goods of 55%, but officials said the figure included tariffs put in place during his first term.
Markets showed little response to the deal, which Terry Haines, founder of the Washington-based consultancy Pangaea Policy, described as having both "very limited scope and unfinished status".
"Setting the Geneva 'pause' back on track is the smallest of accomplishments, and doesn't suggest that a broad US-China trade deal or geopolitical rapprochement is any closer in the foreseeable future," he wrote.
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