Summary
- President Trump announced that the US-China trade deal has been completed and only final approval remains.
- He stated that the agreement includes China's supply of rare earths and magnets as well as the United States' acceptance of Chinese students.
- This news led to a sharp increase in Bitcoin prices; on the Binance USDT market, Bitcoin is trading at $109,373, up 0.08% from 24 hours ago.
Donald Trump, President of the United States, announced that the trade negotiations with China have been completed.
On the 11th (local time), Trump stated on Truth Social, "The agreement with China has been finalized," and added, "Only final approval from President Xi Jinping and myself remains." He continued, "Under this deal, China will supply all rare earths and magnets on a prepaid basis, and the United States will fulfill its commitments, including accepting Chinese students."
Furthermore, he said, "We are imposing a total tariff of 55% on China, and China is imposing a 10% tariff on us," adding, "The bilateral relationship is excellent."
Following this news, Bitcoin also surged momentarily. As of 9:15 p.m., Bitcoin is trading at $109,373 on Binance's USDT market, up 0.08% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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