#TradeWarEases 🚨 There has been recent progress in trade tariff negotiations between the United States and China. After two days of meetings in Geneva, which concluded on May 11, 2025, American and Chinese officials reported significant advancements.

U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer indicated that a "deal" has been reached to address U.S. national security concerns and reduce the trade deficit, although specific details were not immediately disclosed.

Chinese Vice Premier He Lifeng described the talks as "candid, in-depth, and constructive," stating that an "important consensus" has been reached and that a joint statement would be released on Monday, May 12, 2025.

Although neither side has explicitly confirmed an immediate reduction of tariffs (currently at 145% on Chinese goods in the U.S. and 125% on American goods in China), Trump previously suggested that a level of 80% on tariffs against China "seems right," indicating a possible intention for reduction.

However, negotiations are still ongoing, and analysts suggest that a complete resolution may take months, with the details of the agreement being crucial to determining the global economic impact.