Imports at several of the busiest U.S. seaports dropped sharply in May, after President Donald Trump's short-lived 145% tariffs on many goods from China stalled trade, according to data from Descartes Datamyne.

Reportedly Beijing is only offering a concession that it had already offered a month ago to lift the blockade on shipments of rare earth minerals. The current deal may be a short-term solution for a much larger,

LONDON (AP) — President Donald Trump announced Wednesday that the United States will get magnets and rare earth minerals from China under a new trade deal and that tariffs on Chinese goods will go to 55%.

U.S. seaborne imports of goods from China dropped 28.5% year-over-year in May, the sharpest decline since the pandemic, as President Donald Trump's 145% tariffs took hold, supply chain technology provider Descartes said on Monday.

The United States and China have agreed on a framework to implement their trade truce, officials on both sides said Wednesday, after concluding two days of talks in London to defuse tensions and ease export restrictions that threaten to disrupt global manufacturing.

China has reported its exports rose 4.8% in May from a year earlier, lower than expected as shipments to the United States fell nearly 10%

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