US-China Trade Deal Nears Completion | JQJO

National Economic Council Director Kevin Hassett expressed optimism about a finalized US-China trade deal following Monday's London talks. President Trump also voiced confidence in the advanced negotiations. The US aims to restore the flow of crucial rare earth minerals to pre-April levels, though some discrepancies remain. While tariffs are expected to continue, the administration claims its policies reduce inflation and increase revenue. April saw record customs duty collections, potentially reducing deficits. However, concerns persist about the economic impact of tariffs and the potential for recession.