🔥🚨BREAKING NEWS: The White House just announced that the United States has reached a trade deal with China and Treasury Sec. Scott Bessent announced a briefing tomorrow on the trade negotiations with China. pic.twitter.com/YFPkDYZ3L7
— Dom Lucre | Breaker of Narratives (@dom_lucre) May 11, 2025
Details of the deal, struck during negotiations in Switzerland over the weekend, were not revealed, but officials teased that more information will be shared on Monday.
China’s government, however, remained silent immediately after two days of talks aimed at ending increasingly bitter trade war with the US
GENEVA, May 11 (Reuters) – U.S. Treasury Secretary Scott Bessent on Sunday reported “substantial progress” in U.S. talks with China’s top economic officials to de-escalate a damaging trade war, but offered no details of an agreement reached as two days of negotiations wrapped up in Geneva.
Bessent told reporters that details would be announced on Monday and that U.S. President Donald Trump was fully aware of the results of the “productive talks.”
BREAKING: U.S. Announces China Trade Deal pic.twitter.com/pQ0L8aCAak
— Trump War Room (@TrumpWarRoom) May 11, 2025
Secretary of the Treasury Scott Bessent: “I’m happy to report that we made substantial progress between the United States and China in the very important trade talks. First, I want to thank our Swiss host. The Swiss government has been very kind in providing us this wonderful venue, and I think that led to a great deal of productivity we’ve seen. We will be giving details tomorrow, but I can tell you that the talks were productive. 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.”
U.S. Trade Representative Ambassador Jamieson Greer: “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. That being said, there was a lot of groundwork that went into these two days. 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.”