The US and China have struck a new trade agreement after two days of talks in Switzerland, according to a White House statement released on Sunday.
The press release shared comments from Treasury Secretary Scott Bessent, who said the two countries made “substantial progress” in what he called “very important trade talks.” The meetings took place in Geneva, with Switzerland hosting the event.
“We will be giving details tomorrow, but I can tell you that the talks were productive,” Bessent said in the release. “We had the vice premier, two vice ministers, who were integrally involved, Ambassador Jamieson, and myself. And I spoke to President Trump, as did Ambassador Jamieson, last night, and he is fully informed of what is going on. So, there will be a complete briefing tomorrow morning.”
Trade Representative Ambassador Jamieson Greer also praised the meetings in the press release. “This was, as the Secretary pointed out, a very constructive two days. It’s important to understand how quickly we were able to come to agreement, which reflects that perhaps the differences were not so large as maybe thought,” he said.
Greer explained why these talks matter to Americans: “Just remember why we’re here in the first place — the United States has a massive $1.2 trillion trade deficit, so the President declared a national emergency and imposed tariffs, and we’re confident that the deal we struck with our Chinese partners will help us to work toward resolving that national emergency.”
The press release mentioned that more details about the deal will come in a White House briefing tomorrow.
