Latest news on US-China negotiations, released by the White House, translated by Google
05/11/25
The US announces a trade agreement with China in Geneva
Treasury Secretary Scott Bessent: "I am pleased to report that we have made substantial progress in very important trade negotiations. First, I want to thank our Swiss hosts. Switzerland has very kindly provided us with this excellent venue, which I believe has shown us tremendous productivity. We will provide details tomorrow, but I can tell you that the negotiations have been fruitful. We have the Vice Premier, two Deputy Ministers, all involved, Ambassador Jamison and myself. I spoke with President Trump last night, and Ambassador Jamison has also spoken with him. He is fully aware of what is happening. So, there will be a full briefing tomorrow morning."
US Trade Representative Ambassador Jamison Greer: "As the Secretary pointed out, this has been a very constructive two days. It is important to understand how quickly we reached an agreement, which perhaps reflects that the differences are not as large as imagined. That said, there has been a lot of groundwork laid over these two days. Remember why we are here — the US has a massive trade deficit of $1.2 trillion, so the President declared a state of emergency and imposed tariffs. We believe that the agreement we reached with our Chinese partners will help us address this emergency situation."
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