US and China reach agreement after intense talks in Switzerland, Trump Official hails resolution of trade conflict
After months of rising tensions, the U.S. and China strike a pivotal trade deal that could reshape global markets. Trump calls it a “reset,” while both sides eye real progress on tariffs and drug control.
The United States and China have reached a preliminary trade deal after high-level talks in Geneva. U.S. Trade Representative Jamieson Greer announced the agreement, which aims to reduce the $1.2 trillion trade deficit. While the full details are yet to be disclosed, a full statement is expected Monday. The talks come after months of rising tensions and heavy tariffs. President Trump declared the trade deficit a national emergency earlier this year.
The negotiations included U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng. Both sides described the discussions as productive and constructive. The U.S. had imposed tariffs up to 145% on Chinese goods, prompting retaliatory measures from Beijing. The trade war disrupted over $660 billion in bilateral trade. Now, both countries seek to stabilize their economic relationship.
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Trump secures China trade deal ahead of tariff deadline, boosting hopes for long-term cooperation
The deal is seen as a strategic move by the Trump administration ahead of the July 8 deadline for more tariffs. Trump had threatened harsher tariffs if no agreement was reached. The U.S. also recently struck a trade framework with the UK. Officials say strong groundwork helped reach this deal quickly. China’s cooperation was crucial to progress.
U.S. and Chinese officials meet in Geneva as the White House confirms a preliminary trade agreement—full details expected soon, marking a potential turning point in global economic relations. Photo: The White House
China emphasized openness and constructive dialogue throughout the talks. The two nations agreed to set up a mechanism for ongoing consultations. This is aimed at avoiding future trade conflicts. Both countries signaled interest in long-term economic cooperation. The mood after the meetings was notably more optimistic than in past encounters.
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Trump calls China deal a reset as tariff cuts and fentanyl action take focus
President Trump praised the deal, calling it a reset in U.S.-China relations. He suggested tariffs might drop from 145% to 80% if progress continues. China is pushing for lower tariffs and fewer port fees. Meanwhile, the U.S. wants stronger action on fentanyl trafficking. The agreement is expected to ease global market concerns.
Chinese media framed the trade conflict as a battle of ideologies. They accused the U.S. of harmful protectionism. In contrast, China claims to support global cooperation and shared growth. Beijing argues the U.S. strategy causes inflation and economic instability. The future of the deal depends on sustained diplomatic efforts from both sides.
