- The United States of America announced a trade deal with China in the Swiss city of Geneva, on Sunday, May 11, 2025. This announcement, which came via an official statement from the White House, represents a potential turning point in trade relations between the two countries, which have experienced severe tensions in recent years due to the escalating trade war.
Details of the agreement and efforts to address the massive trade deficit
U.S. Treasury Secretary Scott Pisent expressed his happiness with the significant progress made during the trade talks between the United States and China, according to the statement issued by the White House. Pisent praised the role of the Swiss government, which hosted the negotiations, emphasizing that the chosen venue for the talks greatly contributed to achieving positive and productive outcomes. He noted that this deal is part of the United States' efforts to address the huge trade deficit of $1.2 trillion with China, which led President Donald Trump to declare a national emergency and impose high tariffs on Chinese imports.
