8 hours agoUS, China Reach Trade Agreement After Talks in Switzerland
Periskopi(a year ago)
(a year ago)The US and China have agreed to an agreement to help resolve the ongoing trade war between the two largest economies in the world. So at least they report foreign media, being called to senior officials of Donald Trump's administration, sends out Telegrafi. Details of the agreement reached long [...]
So at least report Foreign mediaCalling to senior officer of Donald Trump's administration, photographing Telegrafi.
Details of the deal, reached during negotiations in Switzerland over the weekend, were not revealed, but officials warned that more information would be shared Monday.
“The US has a massive $1.2 trillion trade deficit, so the president declared a national emergency”, US Trade Representative Jamieson Greer said on Sunday.
“We are convinced that the agreement we reached with our Chinese partners will help us work towards resolving this national emergency”, he added.
President Trump has set tariffs of up to 145% for goods from China, with China setting revenge fees for American exports.
Greer joined Treasury Secretary Scott Bessent and Chinese Deputy Prime Minister He Lifeng for talks in Geneva, Switzerland, over the weekend to address the three-way fee.
I can tell you that the talks were productive”, Bessent warned.
The meeting was the first face-to-face interaction between Bessent, Greer and He since the two largest economies in the world set tariffs of over 100% for each other's goods.
Although Bessent has said that bilateral tariffs were too high and should be lowered to a move to ease tensions, he offered no details on agreed-on discounts and did not accept questions from journalists.
Earlier, White House economic adviser Kevin Hasset said the Chinese were “very, very eager” to engage in discussions and re-balancing trade relations with the United States.
Hassett also told Fox News that more foreign trade agreements could come with other countries since this week. /Periscope/
