Donald Trump. Credit score: Joshua Sukoff, Shutterstock
The White Home introduced through a press launch on Sunday (Might 11, 2025) that the US has reached a tentative commerce settlement with China following two days of high-level negotiations in Geneva.
Nevertheless, officers stopped in need of sharing any concrete particulars, leaving questions over what was truly agreed.
US and China commerce deal: Substantial progress, however no specifics
US Treasury Secretary Scott Bessent, who led the talks alongside US Commerce Consultant Jamieson Greer, described the conferences as “productive” and stated a full briefing would happen on Monday, Might 12.
“We’ve made substantial progress between the US and China within the essential commerce talks,” Bessent informed reporters, in response to USA At this time.
“It was accomplished within the spirit of cooperation, shared pursuits, mutual respect,” he added, with out providing specifics.
The assertion adopted a month-long standoff between the world’s two largest economies after each nations imposed tariffs exceeding 100 per cent on one another’s items. The White Home described the result as a “China commerce deal”, however notably, neither Bessent nor Greer explicitly confirmed {that a} formal deal had been signed.
Trump touts a “reset”
US President Donald Trump, who declared a “nationwide emergency” over the $1.2 trillion US commerce deficit, imposed sweeping 145 per cent tariffs on Chinese language items final month. China responded with 125 per cent retaliatory tariffs.
In a publish on his Fact Social platform on Saturday evening (Might 10), Trump stated the talks had led to “a complete reset… in a pleasant, however constructive, method.”
“Many issues mentioned, a lot agreed to,” Trump wrote. “We wish to see, for the nice of each China and the U.S., a gap up of China to American enterprise. GREAT PROGRESS MADE!!!”
Nonetheless, there was no remark from the Chinese language authorities as of Sunday night, and it stays unclear whether or not any tariff reductions have been agreed.
On the press convention in Geneva, Greer stated the pace of the settlement suggests the variations between the 2 nations could not have been as giant as initially assumed.
“It’s essential to grasp how rapidly we have been in a position to come to settlement,” Greer stated, quoted by The Guardian. “Simply keep in mind why we’re right here… the president declared a nationwide emergency, and we’re assured that the deal we struck with our Chinese language companions will assist us work towards resolving that.”
Commerce Secretary Howard Lutnick confirmed to CNN {that a} 10 per cent baseline tariff would stay in place on imports, together with these from nations with new commerce offers.
“Costs are going to remain secure as soon as this coverage is completed,” Lutnick stated. He additionally dismissed considerations over American job losses, claiming, “That is only a China drawback proper now.”
The China announcement follows a US-UK commerce settlement made public on Thursday, Might 8.
What’s your take – has actual progress been made between the US and China, or is that this simply all political bravado?
View all world information.