White House Says Trade Deal Struck With China
The White House announced Sunday that the United States had reached a trade deal with China but said details wouldn’t be released until Monday.
The breakthrough was announced after two days of talks between U.S. and Chinese negotiators in Geneva.
Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer emerged from the talks saying “substantial progress” had been made toward de-escalating an all-out trade war between the two economic superpowers.
“The United States has a massive $1.2 billion trade deficit. So the president declared a national emergency and imposed tariffs,” Mr. Greer said. “We are confident that the deal we struck with our Chinese partners will help us to work toward resolving that national emergency.”
Chinese Vice Premier He Lifeng told reporters that negotiators had agreed to establish a “trade consultation mechanism.” He said the two sides “have taken important steps to resolve differences through equal dialogue and consultation,” according to state news agency Xinhua. (Read more from “White House Says Trade Deal Struck With China” HERE)










