China, tariffs and trade talks
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The White House announced a "China trade deal" in a May 11 statement, but did not disclose details. The apparent agreement came together sooner than most observers expected after Trump's 145% tariffs on Chinese imports virtually halted $600 billion in annual trade between the world's two largest economies.
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Online shoppers in the U.S. will see a price break on their purchases valued at less than $800 and shipped from China after the Trump administration reached a truce with Beijing over sky-high tariffs.
Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer told reporters that more details would be provided on Monday.
Geneva trade breakthrough surprises investors as U.S. and China move quickly to resolve $1.2 trillion deficit.
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Asian News International on MSNUS announces trade deal with China in GenevaUS on Sunday announced a trade deal with China in Geneva, a statement by the White House said.Secretary of the Treasury Scott Bessent said that there was substantial progress between the parties. happy to report that we made substantial progress between the United States and China in the very important trade talks.
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Geneva: US on Sunday announced a trade deal with China in Geneva, a statement by the White House said. Secretary of the Treasury Scott Bessent said that there was substantial progress between the parties.
GENEVA (Reuters ... the national emergency that Trump declared over growing U.S. trade deficits. "We’re confident that the deal we struck with our Chinese partners will help us to work toward resolving that national emergency," Greer said.
China is moving to strengthen its alliances as a counterweight to President Donald Trump's trade war, presenting a united front with Latin American countries at an event in Beijing