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Home > All news > Export Import, Trade > US, China reach deal to cut trade deficit

US, China reach deal to cut trade deficit

May 12, 2025
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US, China reach deal to cut trade deficit

GENEVA : US Treasury Secretary Scott Bessent on Sunday reported “substantial progress” in US 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 US President Donald Trump was fully aware of the results of the “productive talks.”

US Trade Representative Jamieson Greer, who participated in the talks with Bessent, Chinese Vice Premier He Lifeng

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