June 11 (UPI) -- President Donald Trump said Wednesday that the United States and China have come to an agreement over trade and the acquisition of rare earth minerals.
"Our deal with China is done, subject to final approval with President Xi and me," Trump wrote on Truth Social Wednesday. "full magnets, and any necessary rare earths, will be supplied, up front, by China.F
Trump's posted proclamation followed an earlier announcement from U.S. Commerce Secretary Howard Lutnick Wednesday that a framework and agreement was in place and only awaited presidential approval from both nations.
Trump added that the two countries' trade relationship is "excellent," as the United States is "getting a total of 55% tariffs," while China "is getting 10%."
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