President Donald Trump said Wednesday morning the U.S. is dropping plans to revoke Chinese student visas in exchange for China resuming the flow of rare earth minerals to the U.S.
The details, which Trump shared in a Truth Social post, build on a Tuesday night announcement from U.S. and Chinese officials that they have agreed to a “framework” to deescalate trade tensions between the two countries. That framework, however, does little more than promise to implement an agreement the U.S. and China reached in Geneva last month, which stalled amid ongoing tensions between the two countries.
Still, Trump’s tone Wednesday was triumphal. He billed the “deal” — agreed to in London after two days of talks between top Chinese officials and U.S. negotiators, including Treasury Secretary Scott Bessent, U.S. Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick — as “done.”
“OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME,” Trump said. “RELATIONSHIP IS EXCELLENT! THANK YOU FOR YOUR ATTENTION TO THIS MATTER!”
