- Tariff discloses between the United States and China Following Switzerland on Sunday, and although the details have not yet been released, the trade representative Jamieson Greer hinted at an agreement that was concluded with Beijing to help resolve the world deficit of America. White House officials also expressed the optimism that relations will be restarted.
Concrete details on American-Chinese pricing negotiations remain rare, but the best officials of the Trump administration said on Sunday that the talks were paying off.
“I am pleased to announce that we have made substantial progress between the United States and China in very important commercial talks,” the Treasury Secretary Scott Bessent told journalists, adding that a complete briefing with more details will come on Monday.
The US trade representative Jamieson Greer, who also participated in negotiations with a Chinese delegation led by the Deputy Prime Minister, He Lifeng, suggested that a sort of agreement had been concluded.
“It is important to understand how fast we have been able to conclude an agreement, which reflects that the differences may not be so important Read white house. “That being said, there were a lot of bases that have entered these two days.”
Greer underlined the global trade deficit of America in the goods, which reached a record summit of $ 1.2 billion in 2024 for all trade partners, China representing around $ 295 billion from last year.
“Remember why we are first here-the United States has a massive trade deficit of $ 1.2 billion of dollars, so the president declared national and imposed emergency rates, and we are convinced that the agreement that we have concluded with our Chinese partners will help us work to resolve this national emergency,” he added.
Beijing did not offer any confirmation. An editorial of the Xinhua news agency led by the State declared earlier Sunday that “talks should never be a pretext for coercion or continuous extortion, and that China will firmly reject any proposal that compromises the basic principles or the wider cause of global equity.”
The White House did not immediately respond to a request for comments.
Earlier Sunday, the White House pointed out the optimism that relations are directed towards a new start, which potentially defused trade tensions after President Donald Trump hit China with a 145% rate and Beijing retaliated with a 125% function.
At such high levels, trade between the two largest economies in the world would stop almost total. While the two parties allowed pricing exemptions, Bessente previously recognized that the current situation was not durable.
A The complete trade agreement was not expected This weekend, but this fact that the two parties even speak were always considered progress.
“I could say that what will happen in all likelihood is that relations will be restarted. It seems that the Chinese are very, very eager to play the ball and renounce things”, the director of the national economic council Kevin Hassett told Fox News Sunday.
He noted that Trump said “we start essentially from scratch with the Chinese, and they seem to think that they really want to rebuild a relationship that is great for both of us.”
Hassett’s comments on restarting relationships echo a publication on Trump’s social networks on Saturday evening.
“A very good meeting today with China, in Switzerland. Many things discussed, have accepted a lot. A total reset negotiated in a friendly but constructive way,” he wrote on his social platform Truth. “We want to see, for the good of China and the United States, an opening of China for American affairs. Great progress made !!! “
Hassett also said Fox The new one that the recent trade agreement with Great Britain is a plan, adding that Greer and the Secretary of Commerce Howard Lutnick work on 24 other commercial agreements.
He said more agreement could be announced in the coming weeks, perhaps next week.
“There are a lot of things that are very close to the finish line,” said Hassett.
This story was initially presented on Fortune.com
