President Donald Trump says US will get magnets and rare earth minerals from China in a deal imposing 55% tariffs on Chinese goods — up sharply from the 30% set in Switzerland during talks in May.
Treasury Secretary Scott Bessent will testify before a House committee at 10 a.m. ET. Watch in the player above.
In return, Trump said the U.S. will provide China “what was agreed to,” including allowing Chinese students to attend American colleges and universities.
Trump recently had begun to clamp down on Chinese nationals on U.S. college campuses.
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