The Trump administration officials announced on Saturday that they had reached a breakthrough trade deal with China following two days of high-level negotiations in Geneva.
The deal marks a significant win for President Donald Trump as he continues to reshape global trade through a hardline, tariff-driven strategy.
The White House released a statement confirming a “China trade deal” had been reached on May 11 but did not disclose specific terms. The announcement came as a surprise to many observers who expected negotiations to drag on for weeks or even months.
Just weeks ago, the U.S. imposed a staggering 145% tariff on Chinese imports, effectively freezing nearly $600 billion in annual trade between the world’s two largest economies.
U.S. Trade Representative Jamieson Greer described the swift agreement as a sign that “the differences may not have been as large as previously believed.” Speaking from Geneva, Greer credited the progress to extensive groundwork and intensive back-channel diplomacy in the lead-up to the talks. “What matters is we’ve now taken a major step forward,” he said.
Treasury Secretary Scott Bessent, who co-led the negotiations, echoed Greer’s optimism. “We’re happy to report that we made substantial progress in these important trade