US-China trade deal: What does Donald Trump get, give up for Beijing? Who is the real winner?
Donald Trump has announced the US-China trade deal. However, Beijing is yet to make any concrete steps.
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
FAQs
US President Donald Trump on Wednesday stated that the US reached a 'deal' with China following intense trade negotiations in London and now stands subjected to approval by him and Chinese President Xi Jinping. Reports claimed that US and China had agreed on a 'framework' on trade after two days of talks in London aimed at deescalating tensions between the sides.So far, Trump only has announced the terms of a deal with the United Kingdom. Chinese Vice Premier He Lifeng told state broadcaster China Central Television there should be a phone call between Trump and Jinping for the important consensus and requirements.President Trump announced on 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 per cent.In return, Trump said, the U.S. will provide China "what was agreed to" including allowing Chinese students to attend American colleges and universities. The Republican president had recently begun to clamp down on the presence of Chinese nationals on U.S. college campuses.What Trump described as a 'deal' actually is a framework to help the U.S. and China eventually negotiate a sought-after trade agreement, which Trump intends to do with numerous countries but so far has been unable to execute on as quickly as he promised the public he'd be able to.A White House official, who was not authorized to discuss the terms publicly and insisted on anonymity to describe them, said the 55 per cent was not an increase on the previous 30 per cent tariff on China because Trump was including other pre-existing import taxes.There are still lingering tensions between China and the U.S. on overarching economic goals. The Trump administration wants more manufacturing to occur domestically while using tariff revenues to fund its income tax cuts, while China wants to continue its technological ascent and move beyond its advancements in electric vehicles to developing artificial intelligence.The Trump administration has played down the risk of tariffs worsening inflation. Shortly after Trump announced the framework with China, the Labor Department said consumer prices rose at an annual rate of 2.4 per cent, with the cost of autos and apparel falling on a monthly basis in a sign that any economy-wide inflation from the tariffs has yet to appear.A1. President of China is Xi Jinping.A2. President of USA is Donald Trump.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
29 minutes ago
- News18
Trump Takes 'Revenge' For LA Riot, Revokes California's Landmark Electric Vehicle Mandate
Last Updated: Crux Videos President Donald Trump signed a trio of congressional resolutions ending California's restrictive rules for diesel engines and mandates on elective vehicle sales, with Trump celebrating that his signature "will kill the California mandates forever." The move comes as the President has been trading barbs over the state's Democratic California Governor Gavin Newsom over anti-ICE riots in Los Angeles. Trump ordered the National Guard and Marines to be deployed in LA - a move that Newsom has called "an abuse of power". n18oc_world n18oc_crux
NDTV
30 minutes ago
- NDTV
Watch: California Senator Handcuffed, Forcibly Removed From LA Press Conference
Los Angeles: California's stand-off with President Donald Trump's administration ratcheted up Thursday, after a sitting US senator was handcuffed and forcibly removed from a press conference on controversial immigration raids that have spurred days of protests. The shocking incident, which came after the Republican president sent troops into Los Angeles over the objections of local and state officials, was swiftly slammed by furious Democrats who said it "reeks of totalitarianism." Video footage shows Senator Alex Padilla, a Democrat, being pushed from the room at a federal building in Los Angeles as he tried to ask Homeland Security Secretary Kristi Noem about the raids. "I'm Senator Alex Padilla. I have questions for the secretary," he said as two men grappled with him in front of journalists, including from AFP. Footage filmed by Padilla's staff outside the room shows the senator being pushed to the ground and handcuffed. What just happened to @SenAlexPadilla is absolutely abhorrent and outrageous. He is a sitting United States Senator. This administration's violent attacks on our city must end. — Mayor Karen Bass (@MayorOfLA) June 12, 2025 Democratic-led California is currently embroiled in battles with the White House on several fronts, with Governor Gavin Newsom branding Trump "dictatorial" as his lawyers prepared to face off with the administration over the deployment of 4,700 troops to the city. "If this is how this administration responds to a senator with a question... you can only imagine what they're doing to farm workers, to cooks, to day laborers out in the Los Angeles community," Padilla told reporters later at a press conference. The incident "reeks of totalitarianism," Senate Minority Leader Chuck Schumer said, calling for an investigation. "Trump and his shock troops are out of control," Newsom posted on social media. The White House hit back, claiming it was a "theater-kid stunt" and claiming without evidence that Padilla "lunged toward Secretary Noem." Noem slammed Padilla's interruption as "inappropriate." A Homeland Security spokesman said she later met with the senator for 15 minutes. Noem was addressing reporters after almost a week of demonstrations in Los Angeles ignited by the Trump administration's immigration crackdown. The mostly-peaceful demonstrations have been marred by some eye-catching violence, with cars torched and rocks thrown at police officers. Trump, who has repeatedly exaggerated the scale of the unrest, deployed 4,000 National Guard as well as 700 US Marines. Critics have accused the Republican of a power grab and a judge was set to review the deployments' legality. Trump took credit Thursday for making Los Angeles "safe and sound." Anger at Trump's crackdown and the use of masked, armed immigration agents, backed by uniformed soldiers, is spreading to other cities. Nationwide protests were planned for Saturday. - 'Fear and terror' - A federal judge in San Francisco was set to hear arguments on whether use of the troops is constitutional, with Newsom alleging the president "is creating fear and terror." Trump on Thursday said Newsom -- seen as a contender for the Democratic presidential nomination in 2028 -- had "totally lost control of the situation" and should thank him for "saving his ass." California also sued Trump's administration Thursday over his move to scrap the state's tailpipe emission rules and its drive to phase out gas-powered cars. Trump was elected last year after campaigning on a promise to launch historic mass deportations. But with his mounting crackdown rippling through industries heavily reliant on immigrant labor -- such as farming, construction and hospitality -- Trump on Thursday said he had heard employers' complaints and hinted at a forthcoming policy shift. "We're going to have an order on that pretty soon, I think. We can't do that to our farmers -- and leisure too, hotels," he said. Mexican President Claudia Sheinbaum spoke up Thursday, saying she had told a visiting US official that "we didn't agree with the use of raids to detain people working honestly in the United States." Protests also took place in Spokane, Seattle, Tucson, Las Vegas, Dallas, Austin, San Antonio, Milwaukee, Chicago, Atlanta, and Boston, according to US media. A nationwide "No Kings" movement was expected on Saturday, when Trump will attend a highly unusual military parade in the US capital. The Washington parade, featuring warplanes and tanks, has been organized to celebrate the 250th anniversary of the founding of the US Army but also happens to be the day of Trump's 79th birthday.
NDTV
30 minutes ago
- NDTV
Israel Could Strike Iran As Soon As Sunday: Report
Washington: Israel is prepared to attack Iran in the coming days if Tehran rejects a U.S. proposal to limit its nuclear program, the Wall Street Journal reported on Thursday, citing U.S. and Israeli officials. The newspaper cited a senior Israeli official as saying a strike could come as soon as Sunday unless Iran agrees to halt production of fissile material, which can be used to make an atomic bomb. Israeli Prime Minister Benjamin Netanyahu raised the possibility of strikes in a phone conversation with U.S. President Donald Trump on Monday, WSJ reported, citing two U.S. officials.
