US agrees trade deal with China following ‘productive talks’ just weeks after trade war threw world economy into chaos
A TRADE deal between America and China has been agreed, the White House has announced.
US Treasury Secretary Scott Bessent said “substantial progress” had been made with his Beijing counterpart during talks in Geneva.
Reuters
A market trader looks nervous in the New York Stock Exchange[/caption]
He said details would be revealed tomorrow, but the breakthrough will raise hopes of ending the tariff war between the world’s two biggest economies.
Donald Trump has hit China with 145 per cent tariffs, leading them to retaliate with import duties of 125 per cent on most US exports.
Mr Bessent said: “I’m happy to report that we made substantial progress between the United States and China.
“We will be giving details tomorrow, but I can tell you the talks were productive.”
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