The US has announced a trade agreement with China
United States Trade Representable
After negotiations in Switzerland, the United States of America announced a trade agreement with China.
Source: White House With reference to US Finance Minister Scott Bessent and US Scott US Ambassador
Details: It is noted that the US and China in Geneva have made significant progress in trade negotiations, which, according to US officials, should help solve the problem of multi -billion dollar trade deficits.
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According to Bessent, the negotiations held in Geneva with the support of the Switzerland government were productive. They were attended by Viceremier, two US Deputy Ministers, Bessent and Ambassador Griers.
Direct Language of Griers: « The agreement we have concluded with our Chinese partners will help us work to resolve this emergency in the country. »
US President Donald Trump was informed about the course of negotiations the day before. The full briefing is scheduled for Monday, May 12.
The Ambassador Griers added that the arrangements were achieved quickly enough, which indicates the relative slightness of differences. He also recalled that the negotiations began after President Trump announced a national emergency due to a $ 1.2 trillion trade deficit and imposed duties on Chinese goods.
The parties are expected to provide more details in the near future.
Prehistory:
- Negotiations between the US and China began on May 11. US President Donald Trump declared an achievement « Great Progress » in relations with China after the first day of negotiation in Geneva.
