Trump says that the United States has signed a commercial deal in China, with plans for the upcoming India – national star-news.press/wp

President Donald Trump said that the United States and China had signed a trade agreement, adding that he expected to have a deal with India soon.

Trade Minister Howard Lootnick Bloomberg told a TV that the deal had signed earlier this week. Lutnick nor Trump provided any details about the agreement.

“We just fell with China the last day,” Trump said late Thursday.

Lootnick said the deal was “signed and sealed” two days ago.

It was not clear whether the last agreement was different from what Trump announced two weeks ago that he said that he would make it easy for American industries to obtain a largely required magnet and rare land minerals. This agreement wiped the road until the commercial talks continued, while the United States agreed to stop trying to cancel the visas of Chinese citizens on the campus of American universities.

On Friday, the Ministry of Commerce said that the two sides “confirmed the details of the framework.” However, its statement did not express us explicitly access to the rare land, and the minerals used in the high -tech applications that were in the center of negotiations.

“China will agree to export requests for controlled elements that meet the conditions in accordance with the law. The United States will cancel a series of restrictions taken against China accordingly. It is hoped that the United States and China will meet with each other in the middle of the road.”

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The agreement follows initial talks in Geneva in early May, which prompted both sides to postpone the huge tariff rises that threaten to freeze a lot of trade between the two countries. Talks in London later placed a framework for negotiations and the deal mentioned by Trump appears to give this agreement.

“The president loves to close these deals himself. He is the maker of the deals. We will face a deal after the deal,” Lootnick said.

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China has not announced any new agreements, but it announced earlier this week that it was rushing the approvals of rare land exports, materials used in high -tech products such as electric cars. Beijing’s borders on rare land exports were a major point of view.

The Chinese Ministry of Commerce said on Thursday that Beijing was accelerating the review of the export license requests for rare land, which agreed to “a certain number of compatible requests.”

It seems that the exports of minerals have shattered the definitions in the last round of commercial negotiations between Beijing and Washington after China imposed the requirements for allowing seven rare ground elements in April, threatening to disrupt the production of cars, robots, wind turbines and other high -tech products in the United States and around the world.

China also took steps recently on the case of fentanel, announcing last week that it would appoint two other materials as chemicals for the sects for the fentanel, which makes it subject to production, transport and export regulations. Trump demanded that Beijing do more to stop the flow of these SENs components to Mexican drug gangs, which it uses to make fentanel for sale in the United States imposing a 20 percent tariff on Chinese imports on the case of fentanel, which is the largest part of the current 30 percent taxes on Chinese goods.

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In May in Geneva, the Convention called for the expansion of the imposed punitive heavy rise with Trump’s escalation of his trade war and the import duties increased sharply. Some of the higher customs tariffs, such as those imposed by Washington related to trade in fentanel and duties on aluminum and steel, are still in place.

Rapid transformation policies affect both the world’s largest economists.

The US economy has contracted at an annual rate of 0.5 percent from January to March, partly due to the high imports when companies and families rushed to buy foreign goods before Trump imposed customs duties on them.

In China, the factory profits sank more than nine percent from the previous year in May, as auto companies suffer from a large share of this decrease. They fell more than one per cent year in January-May.

Trump and other American officials have indicated that they expect to reach commercial deals with many other countries, including India.

“We will deal after the deal after the deal,” said Lootnick.

And copied 2025 Canadian press