The U.S. reached a "deal" with China regarding tariffs. This was announced on Sunday, May 11, by Washington's representative in the trade negotiations, Jamison Greer. According to him, details will be announced on May 12.
The Chinese side, led by Vice Premier of the State Council of China He Lifeng, did not provide comments after the negotiations in Geneva, the dpa agency reported.
U.S. President Donald Trump previously declared a state of emergency due to the threat of a trade balance deficit affecting the country's national security. "We are confident that the agreement we reached with our Chinese partners will assist us in addressing the national emergency," Greer stated at the conclusion of the two-day negotiations.
The parties agreed that the disagreements may not be as significant.
The parties agreed that the disagreements may not be as significant as originally thought, the dpa agency reported. U.S. Treasury Secretary Scott Bessent stated that there was "substantial progress." His position was supported by He Lifeng.
According to the AP agency, the negotiations on May 10-11 took place at the 18th-century Villa Saladin overlooking Lake Geneva. A convoy of black cars was also noticeable outside the residence of Switzerland's UN representative Jürg Lauber. The parties communicated for about two hours on May 10 before proceeding to a scheduled lunch.
