Trump says U.S. trade deal with China is done
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US Commerce Secretary Howard Lutnick said the deal should result in restrictions on rare earth minerals and magnets being resolved. Both sides said they would now take the plan to their presidents - Donald Trump and Xi Jinping - for approval.
I hope they end this evening, but if need be, we’ll be here tomorrow,’ the US commerce secretary tells reporters.
The crypto market cap stood at $3.44 trillion as President Donald Trump claimed that the trade deal with China has been finalized, pending final approval from him and President Xi Jinping. The U.S. gets 55% tariffs, and China gets 10% tariffs, Trump added. He also said:
Oil futures resumed their rally after yesterday’s brief respite, supported by progress toward a U.S.-China trade agreement.
SEOUL (Reuters) -South Korean President Lee Jae-myung said he was scheduled to have a telephone call with Chinese President Xi Jinping on Tuesday, according to YTN TV. Lee took office on June 4 after winning the presidency in a snap election called after the ouster of Yoon Suk Yeol over his failed martial law attempt and has since spoken to U.
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Tom's Hardware on MSNVital chipmaking software access restored to China — shift follows high-level call between Presidents Trump and Xi JinpingIndustry reports indicate access to some vital semiconductor design software has been restored in China, following a call between President Trump and Xi Jinping.
On June 5, U.S. President Donald Trump held a phone call with Chinese President Xi Jinping. It marked the first direct conversation between the two leaders since Trump began his second term — and the first since tensions sharply escalated in 2025’s U.S.-China trade war.
Chinese President Xi Jinping told South Korean President Lee Jae-myung on Tuesday that the two countries should respect each other's core interests and major concerns, and ensure ties move forward "on the right track",