We previously reported that the U.S. has reached a trade deal with China, after big talks in Geneva, Switzerland. News of the deal broke on Sunday, following hours of discussions involving Treasury Secretary Scott Bessent, U.S. Trade Representative Jamieson Greer, and Chinese officials.
READ MORE: White House Announces Trade Deal With China
Treasury Sec. Bessent Hints at Game-Changing China Trade Deal Breakthrough—Details Expected Monday
Now the details have been released.
.@SecScottBessent: “We have reached an agreement on a 90-day pause and substantially moved down the tariff levels — both sides, on the reciprocal tariffs, will move their tariffs down 115%.” pic.twitter.com/Jxdd11U83s
— Rapid Response 47 (@RapidResponse47) May 12, 2025
CNBC: “Here in Geneva, we witnessed marathon talks over the last two days … and they’ve yielded a major breakthrough.”…
