US President Donald Trump​ has announced that the trade deal with China is done after the talks between the two countries in London this week.​ As a part of a trade agreement, China will supply rare earths upfront to the US, while Chinese students will get ​ US visas.

In a Truth ​social post, Trump announced that Beijing will supply the US with full magnets and all necessary rare earth materials. However, he said the​ deal with China is​ subject to final approval with President Xi Jinping and him. He added that​ the relationship between the two countries is excellent and China will maintain its current 10 percent​ tariffs on goods imported from the U.S, while the US will​ keep 55 percent​ tariffs on Chinese imports. This announcement follows weeks of escalated tensions between the two countries.