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Hello everybody. I'm John Foster with this Great America show Midday Update for Wednesday,

June 11th. We've got a deal,

folks. President Trump announcing on truth, social, a new deal with China and one major detail of the

agreement that's raising eyebrows. Trump wrote in his social media post that he and Xi Jinping have a deal

just waiting signatures for both parts. The first part of the agreement is that the U.S.

will receive magnets and any necessary rare earth minerals from China ahead of time. This is critical

because China produces roughly 60% of all world's rare earth minerals and processes nearly 90% of them.

China decide to cut off America from those medals.

This could qualify as a nuclear option on their part.

Quote, our deal with China is done subject to final approval with President Xi and me.

Trump wrote in all caps,

quote, full magnets and any necessary rare earths will be supplied up front by China.

...