U.S. Treasury Secretary Scott Bessent has reportedly secured a significant trade agreement with China, signaling a potential end to the protracted tariff war between the two economic powerhouses.
Over the weekend, high-level talks were held in Geneva between Secretary Bessent, U.S. Trade Representative Jamieson Greer, and Chinese Vice Premier He Lifeng.
Saturday’s meetings lasted eight hours. At one point, the Chinese took a break, but talks resumed shortly afterward. The talks resume on Sunday.
Trump wrote on Truth Social Saturday, “A very good meeting today with China, in Switzerland. Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner. We want to see, for the good of both China and the U.S., an opening up of China to American business. GREAT PROGRESS MADE!!!”
The discussions aimed to address the escalating trade war, which has seen the U.S. impose tariffs as high as 145% on Chinese goods, with China retaliating with 125% tariffs on American products.
Following the second meeting on Sunday, Secretary Bessent stated that substantial progress had been made, and both sides described the discussions as productive.
While specific details of the agreement have not been disclosed, officials indicated that further information would be released on Monday.
GRTWT.
1 comment:
This news is huge:
https://www.dailymail.co.uk/health/article-14701251/donald-trump-executive-order-prescription-drug-costs.html
It is time that American tax dollars not subsidize the whole world in a way that punishes average Americans. Donald J Trump is truly an American President.
Post a Comment