$BTC $ETH
Shocking! The United States and China have reached a trade agreement in Geneva, is the trade deficit expected to be resolved?
Just now, the White House released a significant message, the United States and China have reached a trade agreement in Geneva! As soon as this news came out, the world was in an uproar. It should be noted that the United States has been deeply mired in a $1.2 trillion trade deficit, Trump even declared a national emergency and imposed tariffs, yet unexpectedly reached an agreement with China so quickly, what exactly happened behind the scenes?
This negotiation took place in Geneva, Switzerland, and lasted for two full days. The United States sent Treasury Secretary Scott Basset and Trade Representative Ambassador Jamison, while China was represented by the Vice Premier and two Deputy Ministers. The representatives from both sides engaged in fierce debates and arguments, ultimately achieving “substantial progress” and successfully reaching an agreement.
Interestingly, both sides seemed quite satisfied with the outcome of these negotiations. Initially, it was thought that the differences would be significant and that the negotiations would drag on for a long time, but unexpectedly, the agreement was reached so quickly. It seems that although everyone has different positions, there is a genuine willingness to solve the problem.
As for what exactly is written in the agreement, it has not yet been disclosed, but it has been confirmed that it will be revealed on May 12. Trump has also been briefed on the situation and will receive a comprehensive briefing tomorrow morning. U.S. officials are very confident about this agreement, believing it can help the United States resolve its trade deficit issue.
What impacts will this U.S.-China trade agreement bring in the future? How will it change the global economy? After the details of the agreement are announced tomorrow, what astonishing contents will emerge? Let’s wait and see together!
