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USA - China Reach New Trade Agreement in Geneva
👉 After two days of intense negotiations, the USA and China have reached a consensus on a new trade agreement, marking a turning point in bilateral economic relations.
👉 The USA
+ The White House confirmed that both sides have agreed on an important agreement although details have not yet been disclosed
+ President Trump called this a "comprehensive restart," with the aim of opening the Chinese market to American businesses.
+ Secretary of the Treasury Scott Bessent and Trade Representative Jamieson Greer affirmed that the rapid progress of negotiations shows that the gap between the two countries is no longer too large.
👉 China
+ Vice Premier He Lifeng called this the first step in efforts to reset economic relations with the USA.
+ Both sides agreed to establish a regular consultation mechanism to resolve future disputes.
+ China emphasized that all agreements must align with the country's long-term development strategy.
