The U.S. will keep tariffs high on Chinese goods, President Donald Trump said Wednesday morning, touting a preliminary trade agreement that he and Chinese President Xi Jinping will need to approve. China will supply rare earth minerals and magnets “up front,” Trump said in a post on his Truth Social platform, although he didn’t clarify the exact terms. Trump also said, without explaining further, that “we are getting a total of 55% of tariffs, China is getting 10.”