U.S. President Donald Trump has endorsed the U.S.-China trade deal struck in London that will ramp up supplies of rare earth minerals and magnets needed for the automotive industry, saying it will take total tariffs on Beijing to 55%. Acknowledging that his Chinese counterpart, Xi Jinping, still needed to give his final approval on the terms agreed late on Tuesday night at Lancaster House, the U.S. president disclosed the pact would also facilitate Chinese students’ access to U.S. colleges. According to reports in the U.S., China agreed to ease the restrictions on exports of rare earths for six months only. The 55% tariff total appears at first glance to be a hike from the 30% rate agreed in the truce struck early last month.