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White House announces US-China trade deal, offers several detail


The US Treasury Secretary Scott Bessent, Washington, DC, DC, May 2025 “Annual Express of the Secretary of the Treasury Secretary of the State System of the International Finance System” is testified before the meeting of the Secretary of the State System.

Nathan Howard | Reuters

White House on Sunday declared “Trade Deal” with Chinese Without providing features, then Trump Management officials negotiated with Chinese colleagues on the weekend.

Although the Details Details are still clear, any escalation in the ongoing trade war may bring a lot of comfort in the global economy since President Donald Trump April 2 Tariff announcement.

Secretary of the Treasury Scott bet Sunday, the weekend trade talks in Geneva are “productive”.

Said Negotiations surrendered The productivity “a great case” and Monday morning will tell you more in a full briefing.

Bessent also said that the United States is a trade representative Jamieson Greer Both spoke to the president Donald Trump About Saturday evening and discussions “It’s fully informed.”

Greer, on Sunday officials, the authorities have reached the form of the “deal”, but no features said. He accepted the discussions as “very constructive.”

“It is important to understand how often we can come to the contract, which is probably not so large differences,” he said.

“We are confident that the deal we hit with our partners will help us resolve this national emergency situation,” he said.

Chinese officials also spoke positively in the meetings.

The Prime Minister of the People’s Republic of China O Lifeng, “Significant progress” and reached an important consensus. ”

“The parties agreed to create a consultation mechanism for trade and economic issues,” he said.

Chinese International Trade Representative Li Chenggang said that more information about the talks will soon be coming soon, but did not tell the statement to be released.

“As we say in China, if the dishes are delicious, then the time is not a matter,” said Chenggang.

“I think I think this statement is released, there will be a great news. Good news for the world.”

Read more CNBC policy coverage

High Shares in Switzerland in Switzerland, a broad economic uncertainty US-China Trade War.

Two nations have been engaged in Tit-Tat for several weeks in days of announcing Trump 145% of tariffs in Beijing. In response to this, China raised their collections Up to 125% to US goods.

Standoff chases financial markets and caused concern Less goods and growing prices for consumers.

Trump praised the first day of the first discussions that US officials were “Today with China today today today” Truth Social Writing.

“The many things discussed, agreed very much,” said Trump. “Total reset, friendly, but constructively, discussed.”

Bessent, Yildiz, the two vice ministers called the Treasury Secretary’s discussions in the discussions, said he met with the vice-premiere of Chinese vice-premiere.



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