Trump says

US president Donald Trump On Wednesday, China would supply rare land in the US as part of a trade agreement.

The relationship between the two largest economies of the world is “wonderful”, Trump – Note In a report of Truth Social, adding, “we get a total of 55% of the tariffs, China gets 10%.”

He added that magnets and “any necessary rare land” will be made in China and that the United States will in turn make certain concessions such as Chinese students to attend colleges and US universities.

The agreement is subject to final approval with itself and Chinese President Xi Jinping, said the US president, adding that he intends to cooperate closely with the XI to open China for American trade, calling the prospect as “a great victory for both countries !!!”

Representatives of both parties on Tuesday showed that the deal was related In trade after the second day of high -level conversations in London.

“We have reached the basics for the implementation of the Geneva consensus and the call between the two presidents,” US Secretary of Commerce, Howard Lutnit, told reporters.

This repeated comments on journalists from La Cinggang, International Trade Representative of China and Deputy Minister of the Ministry of Commerce in China.

Elements of rare land and magnets, which are widely used by car and defense sectors, have become key points between the two largest economies in the world.

The Chinese Ministry of Commerce in early April imposed export restrictions on strategically important minerals in response to Trump’s increase in Beijing’s export tariffs.

Both sides accused each other of resuming a previous trading transaction reached in Switzerland last month. Investors, however, remained hopes for a breakthrough after the call last week between Trump and XI China.

China is an undisputed leader of the supply of critical minerals, manufacture Approximately 60% of world supplies rare land and processing Almost 90%, which means that it imports these materials from other countries and processes them.

American officials before prevent What this domination creates a strategic problem against the background of turning to more sustainable energy sources.

In recent months, Trump’s trade policy in the department and back in recent months is sharp financial markets, causing chaos in large ports and pushing global supply networks to the breaking site.

Oil prices jumped out shortly after the Trump’s social media report. International benchmark Brent Raw futures with August delivery increased by $ 67.87 in news. The contract was last seen about 1.8% on the session.

Us Intermediate Western Texas Futures from July delivery, meanwhile, were 2.2% higher than $ 66.42.