U.S. President Trump wrote tonight (June 11th evening Beijing time): "Our tariff agreement with China has been reached, but it still needs to be approved by the leaders of both countries. All magnets and any necessary rare earth elements will be pre-supplied by China. Similarly, we will provide China with the agreements we have reached, including Chinese students using resources from our universities (I have always been very satisfied with this!). We will have a total of 55% tariffs, and China will have 10% tariffs. The relationship between the two countries is very good! Thank you for your attention to this matter!" (Involving tariffs, the original text from Trump: WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%. RELATIONSHIP IS EXCELLENT! THANK YOU FOR YOUR ATTENTION TO THIS MATTER!)
[Smart comment] Add a few words: Trump's wording was not clear, so we still need to wait for our official document and many details. China and the U.S. confirmed the Geneva consensus, relaxed export controls simultaneously, and China resumed supplying rare earths. What will the U.S. relax? (It might be chips that Trump didn't mention.) As for the fentanyl tariffs, continue to talk, they may be reduced or even canceled, and both sides still need to continue to negotiate.
Original source: https://www.toutiao.com/article/1834637428382724/
Disclaimer: This article only represents the personal views of the author.