On May 12, the White House announced that the United States had reached a trade agreement with China in Geneva. U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Ambassador Jamieson stated that the negotiations took place in Geneva, Switzerland, lasted two days, and achieved "substantial progress." The negotiations were jointly participated by Bessent, Ambassador Jamieson, the Chinese Vice Premier, and two Deputy Ministers. The United States is facing a trade deficit of $1.2 trillion, and President Trump has declared a national emergency and implemented tariffs. The purpose of the negotiations is to address this "national emergency." Both parties expressed satisfaction with the negotiation results, believing that the differences were not as large as expected and that the agreement was reached quickly. Specific details will be announced the next day (May 12), and President Trump has been briefed on the situation and will receive a comprehensive briefing the following morning. U.S. officials are optimistic about the agreement, believing it will help address the trade deficit issue. #ETH突破2500