Trump team announces trade agreement with China after ‘productive’ talks in Geneva
Category: News & Politics
Via: vic-eldred • last year • 14 commentsBy: Story by Emily Hallas, Washington Examiner
S E E D E D C O N T E N T
The United States has reached a preliminary trade deal with China after the two countries met for negotiations in Switzerland over the weekend, the Trump administration announced.
The news follows Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer meeting with their Chinese counterparts in Geneva. The meetings surrounded Trump's tariffs of up to 145% on the country due to what he has called unfair trade practices by Beijing.
Following the meetings, Bessent told reporters on Sunday that “substantial progress” had been made in the “productive” trade talks, revealing that further details would be released on Monday.
Greer added that during the past “very constructive two days,” the two countries had come to “an agreement” and struck “a deal.”
“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,” Greer said. “That being said, there was a lot of groundwork that went into these two days.”
"The U.S. has a massive $1.2 trillion trade deficit, so the president declared a national emergency," Greer continued. "We're confident that the deal we struck with our Chinese partners will help us work toward resolving that national emergency," he added.
The trade agreement comes as the second such announcement in days after Trump revealed the U.S. had reached a deal with the United Kingdom . A number of other world leaders are working with Trump to lift global “ Liberation Day ” tariffs placed on their countries in early April.
“De-escalating, bringing those [tariff] rates down to where they could, where they should be, I think it’s Scott Bessent’s goal,” Commerce Secretary Howard Lutnick told CNBC on Friday . “And that’s what the president hopes is a good outcome; it’s a de-escalating world where we go back to each other and then we work on a big deal together.”
Trump previewed the deal with China in a post to Truth Social on Saturday.
"Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner. We want to see, for the good of both China and the U.S., an opening up of China to American business. GREAT PROGRESS MADE!!!" he said .
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Trump getting it done!
What will the media do now?
Fake polls won't help now.
It was NOT an "agreement" and for sure NOT a "trade deal". All it was was a preliminary consensus as to proceeding to see if a deal could be arrived at. I'm not surprised that Trump would think he and China have "made a deal" as if HE accomplished something. Isn't that called "gilding the lily"?
"Stock futures jumped late Sunday after top Trump administration officials said the U.S. and China had “productive” trade negotiations over the weekend, without announcing any further details.
Speaking to reporters in Geneva after two days of talks concluded Sunday, U.S. Treasury Secretary Scott Bessent said “substantial progress” had been made. “We will be giving details tomorrow, but I can tell you that the talks were productive,” he said in a statement .
Stock futures jump as U.S. and China conclude two days of ‘productive’ trade talks
Stay tuned Buzz, the US and China will make a joint statement tomorrow.
Waiting for the joint statement. I'm sure it will be positive and hopefully a harbinger of a settlement of issues, which will benefit both China and the USA.
US and China announce deal to cut reciprocal tariffs for 90 da…
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www.axios.com /2025/05/11/trump-qatar-plane-democrat-torres-investigation
Scoop: Dem seeks probe into reports Qatar plans to gift plane to Trump
Andrew Solender 4-5 minutes 5/11/2025
https://www.axios.com/_next/image?url=https%3A%2F%2Fimages.axios.com%2FiIKH-H-mdPaBwwfwRy3agsLpAvw%3D%2F52x0%2Fsmart%2F2024%2F07%2F02%2F1719887987721.jpg&w=128&q=75 2x" src="https://www.axios.com/_next/image?url=https%3A%2F%2Fimages.axios.com%2FiIKH-H-mdPaBwwfwRy3agsLpAvw%3D%2F52x0%2Fsmart%2F2024%2F07%2F02%2F1719887987721.jpg&w=128&q=75" >
Illustration: Lazaro Gamio/Axios
A House Democrat is seeking an investigation into reports that the Trump administration plans to accept a jet worth roughly $400 million from Qatar to serve as Air Force One — and President Trump's personal plane after he leaves office.
Why it matters: The swift backlash signals that congressional Democrats may latch onto the issue when they return to session next week.
Driving the news: Rep. Ritchie Torres (D-N.Y.) wrote to the U.S. Government Accountability Office, the acting Department of Defense inspector general and the Office of Government Ethics requesting a probe into the matter.
Zoom out: ABC News reported Sunday that the Trump administration plans to accept a super luxury Boeing 747-8 jumbo jet from the Qatari royal family.
Yes, but: Qatar's media attaché to the U.S., Ali Al-Ansari, pushed back on the ABC scoop and a matching story from The New York Times, saying in a statement to Axios that reports "that a jet is being gifted by Qatar to the United States government during the upcoming visit of President Trump are inaccurate."
Between the lines: Torres may have a difficult time securing a probe from the Pentagon inspector general's office or the Office of Government Ethics, both of which are run by Trump appointees.
Is this supposed to be a response?
I know the dems don't have much. Good luck with that.
He should be impeached and convicted.
Exactly for what. Remember, hurting the feelings of the left aren't criminal or impeachable offenses.
If so, we shall see it. If not we shall see it, too!
Waiting and watching.
An announcement from China comes tomorrow.
Let's see how it goes on Monday! Waiting and watching!
US and China announce deal to cut reciprocal tariffs for 90 da…
Sounds good! Anything that is good and works is fine with me.