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U.S. and China Agree to Get Geneva Pact Back on Track
US and China agree on the first step to a broader trade deal. US offers to take in Chinese students at American Universities, something DJT says he was good with.
“Chinese students using our college and universities,” adding that such attendance has “always been good with me.”
China for its part will not slow move export of magnets and rare earth minerals on which it has established a near monopoly of the supplies. These rare earth minerals are needed for technology products made in the US. US tariffs of 55% will still say in place as "deterrance" that the other side keeps its promises and to cut the trade deficit with China not simply talk about it has has happened for a decade of Bush, Obama, Biden.
Treasury Secretary Bessent and Jamieson Greer US Trade Representative were at London talks with Commerce Secretary Howard Luttnick to find ways to get an impasse resolved. Both sides lack confidence in what the other is doing so that theis the first step to clarify the direction of talks for achieving a broader deal.
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