NEW: The U.S.-China Currency Clash – A Battle for Economic Supremacy
US President Donald Trump declared a trade deal with China finalized on June 11, 2025, pending presidential approval, following London negotiations. Posted on Truth Social, Trump stated the US will impose 55% tariffs on Chinese goods (10% baseline, 20% for fentanyl trafficking, 25% pre-existing), while China applies 10% on US imports. China will supply magnets and rare earth minerals, critical for tech and green energy, while the US allows Chinese students in its universities. Trump called the relationship “excellent.” X posts note China views this as a win, retaining resource control with minimal concessions.
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