US-China Trade Deal Reached, Tariff Deadline Uncertain | JQJO

President Trump announced a new trade agreement with China focusing on rare earth minerals, not tariffs. This follows months of tariff fluctuations. While initially described as a tariff deal, the agreement establishes a framework for implementing a prior Geneva accord. China will supply rare earths, leading to the US lifting countermeasures. Meanwhile, a broader tariff deadline of July 9th is becoming less certain, with the White House suggesting a possible extension to Labor Day for deals with numerous countries.