Sun May 11 21:07:04 UTC 2025: ## US and China Reach Tentative Trade Deal After High-Stakes Geneva Talks
**Geneva, Switzerland –** In a surprise development, the United States and China announced a tentative agreement to de-escalate their ongoing trade war following two days of intense negotiations in Geneva. While details remain scarce, U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer described the talks as “productive” and resulting in “substantial progress.” They promised a more detailed joint statement with China on Monday.
The talks, the first face-to-face discussions between the two nations on the trade dispute, aimed to resolve the escalating tariffs imposed by both countries. President Trump had previously levied tariffs totaling 145% on Chinese goods, prompting retaliatory measures from Beijing, pushing tariffs up to 125% on American imports. These measures had severely disrupted global trade, with billions of dollars worth of goods stalled in ports.
While U.S. officials expressed optimism, suggesting a potential “total reset” in relations, Chinese officials adopted a more cautious tone. Chinese Vice Premier He Lifeng emphasized China’s desire for peaceful trade relations but reiterated that they would not compromise on core principles. He described the dialogue as “candid, in-depth, and constructive.”
The agreement, while undisclosed in detail, reportedly includes establishing a consultation mechanism for future discussions on trade and economic issues. The potential for a significant breakthrough remains uncertain, but even a small reduction in tariffs could significantly stabilize global markets. Experts suggest that the mere fact of both sides engaging in productive dialogue is a positive step. The White House released a statement echoing the positive sentiment expressed by U.S. negotiators. The ensuing joint statement, expected Monday, will shed more light on the terms of this preliminary agreement.
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