Results of London Trade Talks Revealed
"Final Approval Still Pending"
On June 11 (local time) in London, U.S. President Donald Trump announced that an agreement had been reached in the recent second round of trade talks between the United States and China regarding China's supply of rare earth elements to the U.S. and the acceptance of Chinese students at American universities.
President Trump stated in a post on the social networking service Truth Social that "the agreement with China has been finalized and must receive final approval from President Xi Jinping and myself."
President Trump explained, "All permanent magnets and all necessary rare earth elements will be supplied by China in an 'up front' manner," and added, "We will provide China with the agreed terms, including those related to Chinese students attending our universities."
U.S. Treasury Secretary Scott Besant and Chinese Vice Premier He Lifeng, along with their respective delegations, met in London from June 9 to 10 and agreed to establish a framework for implementing the U.S.-China trade agreement reached in Geneva last month.
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