Fact Sheet: President Donald J. Trump Secures a Historic Trade Win for the United States
By: President Donald J. Trump (The White House)
The disappointment of those on the other side of the aisle (<== that-a-way) is palpable. It seems appropriate to remind everyone that China adopted the hardline, no negotiating stance.
Trump hasn't lost anything by negotiating with China. What worries those on the other side of the aisle is that Trump may have won something for the United States.
S E E D E D C O N T E N T
The White House May 12, 2025
SECURING ANOTHER HISTORIC DEAL: Today, on the heels of the brand-new deal with the United Kingdom, President Donald J. Trump reached an agreement with China to reduce China's tariffs and eliminate retaliation, retain a U.S. baseline tariff on China, and set a path for future discussions to open market access for American exports.
- Today, the United States issued the first joint statement on trade in many years with China after successful negotiations over the weekend in Geneva, Switzerland.
- Both parties affirmed the importance of the critical bilateral economic and trade relationship between both countries and the global economy.
- For too long, unfair trade practices and America's massive trade deficit with China have fueled the offshoring of American jobs and the decline of our manufacturing sector.
- In reaching an agreement, the United States and China will each lower tariffs by 115% while retaining an additional 10% tariff. Other U.S. measures will remain in place.
- Both sides will take these actions by May 14, 2025.
- This trade deal is a win for the United States, demonstrating President Trump's unparalleled expertise in securing deals that benefit the American people.
CHINESE ACTIONS: China will remove the retaliatory tariffs it announced since April 4, 2025, and will also suspend or remove the non-tariff countermeasures taken against the United States since April 2, 2025.
- China will also suspend its initial 34% tariff on the United States it announced on April 4, 2025 for 90 days, but will retain a 10% tariff during the period of the pause.
AMERICAN ACTIONS: The United States will remove the additional tariffs it imposed on China on April 8 and April 9, 2025, but will retain all duties imposed on China prior to April 2, 2025, including Section 301 tariffs, Section 232 tariffs, tariffs imposed in response to the fentanyl national emergency invoked pursuant to the International Emergency Economic Powers Act, and Most Favored Nation tariffs.
- The United States will suspend its 34% reciprocal tariff imposed on April 2, 2025 for 90 days, but retain a 10% tariff during the period of the pause.
- The 10% tariff continues to set a fair baseline that encourages domestic production, strengthens our supply chains and ensures that American trade policy supports American workers first, instead of undercutting them.
- By imposing reciprocal tariffs, President Trump is ensuring our trade policy works for the American economy, addresses our national emergency brought on by our growing and persistent trade deficit, and levels the playing field for American workers and producers.
- Unlike previous administrations, President Trump took a tough, uncompromising stance on China to protect American interests and stop unfair trade practices.
WORKING TOWARDS A REBALANCING: When these changes come into effect, both nations agreed to establish a mechanism to continue important discussions about trade and economics.
- The U.S. goods trade deficit with China was $295.4 billion in 2024—the largest with any trading partner.
- Today's agreement works toward addressing these imbalances to deliver real, lasting benefits to American workers, famers, and businesses.
- As our nations continue these discussions, China will be represented by He Lifeng, Vice Premier of the State Council.
- The United States will be represented by Scott Bessent, Secretary of the Treasury, and Jamieson Greer, United States Trade Representative.
ADDRESSING THE FENTANYL CRISIS: The United States and China will take aggressive actions to stem the flow of fentanyl and other precursors from China to illicit drug producers in North America.
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Trump really is keeping promises made. Isn't that what voters wanted?
A victory for Trump?
Trump started a war, China hit back just as hard and told America to fuck off until they come to the table with respect and no bullying, and only then would China meet them and discuss the matter with common sense as equals. America CAPITULATED. My God, it's amazing how deftly America takes credit for what someone else does.
I have little doubt the news is being reported differently in China. Trump initially placed a 10% tariff on Chinese goods (much lower than tariffs on Mexican and Canadian imports). China retaliated. Trump raised tariffs on Chinese goods to 34% on April 2 (Liberation Day). Again China retaliated and adopted a hard line stance for negotiations. Retaliation by both sides resulted in US tariffs on Chinese goods at 145% and Chinese tariffs on US goods at 125%. Then China flinched, removing tariffs on some feedstock goods from the US, like ethane.
China has backed away from its hardline position on negotiations. China has removed all retaliatory tariffs against US goods. China has reset to where things stood on April 2. China really is talking trade, curbs on fentanyl, and lowering barriers for US goods. No doubt China will be pressing for assurances of supply from the United States.
Now that talks have started Trump has lowered tariffs to 30% which is about where they were on April 2; Trump's Liberation Day. So what has Trump lost? Why isn't this a victory for Trump?
You are mistaken as to who asked for the meeting in Geneva. China was planning on going to Switzerland for an entirely different reason. It wasn't China that blinked. China made it clear from the beginning that it would fight to the end if it had to, over and over again. If it cancelled some of its comeback, it was for good reason, because China did not want to harm its OWN people, while obviously Trump didn't give a shit about HIS. Maybe it's the information that YOU'RE getting that's a little skewed, but at least I read the news from BOTH sides of the world.
You think that the fact that the rest of the world no longer trusts the USA is a victory?
Trump appears to be getting what he wants. That's a great way to lose!
$$$$ The rest of the world will be back before they're missed. $$$$
LOL. He just got nothing more than he already had before he started the trade war. You call that a win? Besides, the talks have just started so who knows what's in store? How about the fact that all the other nations that have been blackmailed now see that when China stood up to Trump, the retaliatory tariff's were dropped, and what's the effect of that going to be?
There are still tariffs in place, so stuff, when it starts flowing again, will be 10-30% more expensive than it was.
Of course. It's the American consumers who will be paying more for things they need. Some ximply can't afford more expense.
wow. taking the trump white house as an accurate , reliable, source.
how is that justifiable ?
In simple English, each country has decided how much extra they can tax their citizens. The end result is that we will be paying around 10% more for our goods, than we were before Trump started his trade war.
Winning.......
Is that another "trust me bro" or is there a reputable source for your 10% more?
Ummm, the seeded article.....
I'm gonna throw up. Trump lights the whole house on fire, puts out the fire - temporarily - in one little corner, and his idiot supporters want a MFing high five.
To some folks (the Stupid kind) that is known as a win...