Trump’s ‘done’ deal with China just brings tariffs back to Liberation Day levels

U.S. President Donald Trump took to his social media platform, Truth Social, on Wednesday to proclaim that a deal with China was “done,” pending final approval from himself and Chinese president Xi Jinping. 

The post followed days of trade talks in London, where Washington and Beijing tried to save an uneasy truce in their budding trade war, threatened by complaints about export controls and visa revocations.

Trump announced that the U.S. would charge a 55% tariff on Chinese goods...