🇺🇸 US Secretary of the Treasury:

❗️China will temporarily reduce duties on American goods from 125% to 10% for 90 days.

❗️The US will reduce tariffs on Chinese goods from 145% to 30% for 90 days.

✔️ The United States also cancels additional ad valorem duties imposed by Executive Orders No. 14259 of April 8 and No. 14266 of April 9, 2025.

✔️ The US and China agreed to create a permanent mechanism to continue negotiations on economic and trade issues.

✔️ We would like China to be more open to American goods.

✔️ We believe that there is scope for procurement agreements that will help balance the bilateral trade deficit.

✔️ The issue of currency was not discussed.

✔️ The Donald Trump administration is making serious efforts to control the fiscal deficit.

✔️ The UK and Switzerland have taken the lead in concluding trade agreements with the US, while the EU has moved much more slowly.

🇺🇸 U.S. Trade Representative Jamison Greer:

✔️ The de facto embargo was an unacceptable long-term practice for both sides.

✔️ The fentanyl problem remains unchanged for now.

✔️ In the end, we came to a result that is very good for both the US and China.

✔️ The fentanyl issue is going its own way, but a very positive one – we are having constructive negotiations.

✔️ The most difficult part of the negotiations was restoring the communication channels destroyed by the previous administration.

✔️ We will bring world trade to a better state.

🏁 THE END