The US has reached a new trade agreement with China under which all Chinese imports will face a 55% tariff, while American exports to China will be subject to a reduced 10% tariff. This was the result of two days of talks between diplomats from the two nations in London.

The deal removes Chinese export restrictions on rare earths minerals and allows Chinese students access to U.S. universities.

After two days of negotiations, the United States and China appear hopeful about the progress they’re making on a trade deal. But let’s take a look at what actually went down this week. Both countries say they have a "framework" that basically gets trade talks back to the agreement they made in Geneva a month ago.

A spokesperson for China's Ministry of Commerce on Thursday appeared to downplay what President Donald Trump said Wednesday was a "done" trade deal.

President Donald Trump said Wednesday that the United States is now in trade negotiations with "around 15 countries," including Japan and South Korea, after announcing a new trade agreement with China earlier that same day.

President Donald Trump and officials from China announced that they have agreed on a framework for a trade deal between the two major economic powers.

President Trump announced early Wednesday that the US had reached a trade agreement with China following two days of negotiations in London. “Our deal

President Trump said Wednesday the U.S. deal with China to revive their trade truce was done, subject to final approval from himself and Chinese leader Xi Jinping. Posting on his Truth Social platform

President Donald Trump said a trade framework with China has been completed, with Beijing supplying rare earths and magnets “UP FRONT” and the US allowing Chinese students into its colleges and universities.

President Donald Trump said the deal with China is "done." His former Commerce Secretary told Business Insider it's far from comprehensive.

President Trump said the U.S. deal with China to revive their trade truce was done, subject to final approval from him and Chinese leader Xi Jinping.