President Donald Trump is touting a trade deal with China, but tariffs will remain, even as he says the relationship between Washington and Beijing is “excellent.” How much? Trump, in a post on Truth Social,

Secretary of Commerce Howard Lutnick joins 'Money Movers' to discuss the U.S.-China trade talks and deals made from the conversations.

The crypto market cap stood at $3.44 trillion as President Donald Trump claimed that the trade deal with China has been finalized, pending final approval from him and President Xi Jinping. The U.S. gets 55% tariffs, and China gets 10% tariffs, Trump added. He also said:

A federal appeals court ruled Trump can continue to collect tariffs while businesses and states try to overturn taxes on foreign imports.

The US and China agreed to a framework and implementation plan to ease trade tensions on Tuesday. “We have reached a framework to implement the Geneva consensus,” US Commerce Secretary Howard Lutnick said.

China, Mexico, the European Union, Japan, Canada and many airlines and aerospace companies worldwide urged the Trump administration not to impose new national security tariffs on imported commercial planes and parts,