Odaily Planet Daily News The White House announced that the United States announced a trade agreement with China in Geneva. U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Ambassador Jamieson said that the negotiations were held in Geneva, Switzerland for two days and made "substantial progress." The negotiations were jointly participated by Bessent, Ambassador Jamieson, China's Vice Premier and two deputy ministers.
The United States faces a $1.2 trillion trade deficit, and President Trump has declared a national emergency and implemented tariffs. The purpose of the negotiations is to resolve this "national emergency."
Both sides are satisfied with the results of the negotiations, believing that the differences are not as big as imagined, and the agreement was reached quickly. The specific details will be announced the next day (May 12). President Trump has been informed of the situation and will receive a comprehensive briefing the next morning. U.S. officials are optimistic about the conclusion of the agreement and believe that it will help solve the trade deficit problem.