Deal

President Trump says a new trade deal with China “is done.”

While still not officially official, Trump posted that the U.S. will levy 55% tariffs on Chinese goods (10% baseline + 20% fentanyl + ~25% left from his first term) and China will levy 10% on U.S. goods. 

Additionally, China is supplying “any necessary rare earths” to the U.S. “up front.” China processes 80-90% of the world’s rare earth minerals and magnets—materials used heavily by the automotive and defense sectors—making this a major sticking point in negotiations. In return, Uncle Sam is easing tech export restrictions (on things like jet engines) and allowing Chinese students to attend U.S. universities again.

Meanwhile, a federal appeals court allowed Trump’s broad tariffs to remain in place while legal challenges—claiming they need Congressional approval—play out.

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Verse to consider whether you’re negotiating with an international adversary, a difficult coworker, or a cranky toddler… “Seek peace and pursue it. The eyes of the LORD are on the righteous, and his ears are open to their cry for help.” 
Psalm 34:14–15 (CSB) (read full passage)